Teacher Retirement System of Texas grew its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 237.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,873 shares of the basic materials company's stock after acquiring an additional 25,946 shares during the quarter. Teacher Retirement System of Texas' holdings in Huntsman were worth $665,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Pzena Investment Management LLC boosted its holdings 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 valued at $84,663,000 after purchasing an additional 3,578,100 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of 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 valued at $17,496,000 after buying an additional 539,990 shares during the period. Bank of New York Mellon Corp grew its position in 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 worth $24,825,000 after buying an additional 357,136 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Huntsman by 6.5% during 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 acquiring an additional 349,502 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Huntsman in the 4th quarter valued at $5,475,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
HUN has been the subject of a number of analyst reports. Citigroup dropped their price target on Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Alembic Global Advisors cut shares of Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Morgan Stanley reduced their price target on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their target price on Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.25.
Read Our Latest Stock Report on Huntsman
Huntsman Trading Down 10.6 %
HUN stock traded down $1.65 during trading on Thursday, hitting $13.88. The company had a trading volume of 4,882,821 shares, compared to its average volume of 2,229,040. The stock has a market cap of $2.41 billion, a PE ratio of -12.61 and a beta of 0.95. The business has a 50-day moving average of $16.84 and a 200-day moving average of $19.17. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a one year low of $13.71 and a one year high of $26.40.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.
Huntsman Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman's dividend payout ratio is -90.91%.
About Huntsman
(
Free Report)
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.
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