Wells Fargo & Company MN Grows Stock Position in Huntsman Co. (NYSE:HUN)

Wells Fargo & Company MN raised its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,027,443 shares of the basic materials company's stock after buying an additional 126,691 shares during the period. Wells Fargo & Company MN owned about 0.59% of Huntsman worth $18,525,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Huntsman by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company's stock valued at $32,488,000 after buying an additional 124,841 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Huntsman by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after buying an additional 130,702 shares during the period. Charles Schwab Investment Management Inc. boosted 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. First Hawaiian Bank bought a new position in Huntsman during the 4th quarter worth approximately $569,000. Finally, Madison Investment Advisors LLC bought a new position in Huntsman during the fourth quarter worth about $1,338,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Performance

NYSE HUN traded down $0.63 on Tuesday, reaching $13.10. 2,989,844 shares of the stock were exchanged, compared to its average volume of 2,334,709. The firm has a market capitalization of $2.28 billion, a PE ratio of -11.90 and a beta of 0.85. 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 company's 50-day simple moving average is $16.10 and its two-hundred day simple moving average is $18.49. Huntsman Co. has a one year low of $11.90 and a one year high of $25.92.

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Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. Analysts expect that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman's dividend payout ratio is currently -90.91%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. UBS Group reduced their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman presently has a consensus rating of "Hold" and an average target price of $17.67.

Huntsman Company 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.