Advisors Asset Management Inc. Raises Position in Huntsman Co. (NYSE:HUN)

Advisors Asset Management Inc. raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 98.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,062 shares of the basic materials company’s stock after acquiring an additional 116,072 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.14% of Huntsman worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $102,529,000 after buying an additional 349,502 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Huntsman by 320.2% during 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 buying an additional 3,578,100 shares in the last quarter. State Street Corp lifted its stake in shares of Huntsman by 2.2% during the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after buying an additional 70,382 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock valued at $73,937,000 after buying an additional 31,883 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Huntsman by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock valued at $62,538,000 after buying an additional 40,330 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 2.8 %

Shares of HUN opened at $16.35 on Friday. The company’s fifty day moving average is $17.14 and its 200 day moving average is $19.58. Huntsman Co. has a fifty-two week low of $15.46 and a fifty-two week high of $26.48. The stock has a market capitalization of $2.83 billion, a PE ratio of -14.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm 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%. Sell-side analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.12%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is -90.91%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group reduced their price target on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

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.