Rothschild Investment LLC Cuts Stake in Huntsman Co. (NYSE:HUN)

Rothschild Investment LLC lowered its stake in shares of Huntsman Co. (NYSE:HUN) by 54.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,455 shares of the basic materials company’s stock after selling 5,275 shares during the period. Rothschild Investment LLC’s holdings in Huntsman were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Huntsman during the fourth quarter worth about $40,000. True Wealth Design LLC purchased a new stake in Huntsman during the 3rd quarter valued at about $62,000. Capital Performance Advisors LLP purchased a new stake in Huntsman during the 3rd quarter valued at about $78,000. KBC Group NV grew its stake in Huntsman by 95.3% during the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 4,506 shares in the last quarter. Finally, Matrix Trust Co grew its stake in Huntsman by 853.7% during the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 8,648 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley dropped 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 note on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. 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, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Huntsman currently has a consensus rating of “Hold” and a consensus target price of $21.63.

Huntsman Stock Performance

NYSE:HUN opened at $17.19 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -15.62 and a beta of 0.95. The company’s 50-day moving average is $17.33 and its two-hundred day moving average is $20.03. Huntsman Co. has a 1-year low of $15.67 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data 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). The company 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%. Analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.82%. Huntsman’s dividend payout ratio is presently -90.91%.

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.