Systematic Financial Management LP Raises Position in Huntsman Co. (NYSE:HUN)

Systematic Financial Management LP lifted its position in Huntsman Co. (NYSE:HUN - Free Report) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 589,206 shares of the basic materials company's stock after purchasing an additional 66,688 shares during the quarter. Systematic Financial Management LP owned about 0.34% of Huntsman worth $14,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUN. 1832 Asset Management L.P. lifted its position in Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock valued at $100,536,000 after purchasing an additional 1,547,344 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Huntsman in the third quarter worth $27,045,000. Victory Capital Management Inc. increased its stake in Huntsman by 52.4% in the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock valued at $53,701,000 after acquiring an additional 811,099 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Huntsman by 295.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company's stock valued at $17,496,000 after purchasing an additional 539,990 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Trading Down 1.0 %

HUN stock traded down $0.20 during midday trading on Friday, hitting $19.88. The company had a trading volume of 2,424,011 shares, compared to its average volume of 1,923,455. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -28.81 and a beta of 0.97. Huntsman Co. has a 52 week low of $19.11 and a 52 week high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $21.60 and its 200 day moving average price is $22.32.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. As a group, equities research analysts expect that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.03%. Huntsman's dividend payout ratio is currently -144.93%.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HUN has been the topic of several recent research reports. UBS Group reduced their price objective on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company reduced their price target on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price target on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.75.

About Huntsman

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.