Aigen Investment Management LP Buys Shares of 13,601 Huntsman Co. (NYSE:HUN)

Aigen Investment Management LP purchased a new position in shares of Huntsman Co. (NYSE:HUN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,601 shares of the basic materials company’s stock, valued at approximately $245,000.

Several other institutional investors have also made changes to their positions in HUN. R Squared Ltd bought a new stake in Huntsman in the fourth quarter worth $40,000. True Wealth Design LLC bought a new position in shares of Huntsman in the 3rd quarter valued at approximately $62,000. Capital Performance Advisors LLP acquired a new stake in Huntsman in the 3rd quarter worth approximately $78,000. Rossmore Private Capital bought a new stake in Huntsman during the third quarter worth approximately $202,000. Finally, MidWestOne Financial Group Inc. bought a new position in shares of Huntsman in the third quarter valued at approximately $203,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Price Performance

Shares of NYSE:HUN opened at $17.33 on Monday. The firm has a market capitalization of $3.00 billion, a PE ratio of -15.75 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. Huntsman Co. has a 1-year low of $15.46 and a 1-year high of $26.76. The business’s 50 day moving average is $17.17 and its 200-day moving average is $19.84.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Sell-side analysts predict that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.77%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Analysts Set New Price Targets

Several analysts recently issued reports on HUN shares. 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. Morgan Stanley dropped their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Royal Bank of Canada lifted 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. Finally, Citigroup cut their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

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.