Quantbot Technologies LP Increases Position in Huntsman Co. (NYSE:HUN)

Quantbot Technologies LP grew its stake in Huntsman Co. (NYSE:HUN - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,483 shares of the basic materials company's stock after buying an additional 17,835 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Huntsman worth $2,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HUN. Pzena Investment Management LLC raised its position in Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after purchasing an additional 3,578,100 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Huntsman by 295.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company's stock worth $17,496,000 after purchasing an additional 539,990 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Huntsman by 35.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock valued at $24,825,000 after purchasing an additional 357,136 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Huntsman in the 4th quarter worth approximately $5,475,000. Institutional investors own 84.81% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on HUN shares. JPMorgan Chase & Co. reduced their target price on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Royal Bank of Canada raised their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Citigroup dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and a consensus price target of $20.50.

Huntsman Stock Performance

NYSE HUN traded up $0.08 during trading hours on Thursday, hitting $16.17. 4,007,379 shares of the company's stock traded hands, compared to its average volume of 2,122,975. Huntsman Co. has a 52 week low of $15.46 and a 52 week high of $26.48. The firm has a market capitalization of $2.81 billion, a P/E ratio of -14.70 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The business's fifty day moving average price is $17.08 and its two-hundred day moving average price is $19.38.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Equities research analysts predict that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Friday, March 14th. Huntsman's payout ratio is -90.91%.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.