Huntsman Co. (NYSE:HUN) Stock Holdings Increased by Quantbot Technologies LP

Quantbot Technologies LP grew its position in shares of Huntsman Co. (NYSE:HUN) by 0.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 185,005 shares of the basic materials company’s stock after buying an additional 693 shares during the quarter. Quantbot Technologies LP’s holdings in Huntsman were worth $4,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in Huntsman by 1,749.2% during the first quarter. Larson Financial Group LLC now owns 8,451 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 7,994 shares during the period. Commerce Bank raised its position in shares of Huntsman by 6.0% during the 1st quarter. Commerce Bank now owns 248,919 shares of the basic materials company’s stock worth $6,479,000 after purchasing an additional 14,095 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Huntsman in the 1st quarter worth approximately $1,428,000. Nikko Asset Management Americas Inc. boosted its position in Huntsman by 25.0% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 76,812 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 15,379 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Huntsman during the 1st quarter worth $45,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and raised their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. Royal Bank of Canada boosted their target price on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company dropped their price target on shares of Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reduced their price objective on Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Citigroup lowered their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Huntsman currently has a consensus rating of “Hold” and an average price target of $26.50.

Huntsman Price Performance

Shares of HUN traded down $0.05 during trading hours on Friday, hitting $22.54. 2,564,731 shares of the company were exchanged, compared to its average volume of 1,916,706. The firm has a fifty day simple moving average of $23.83 and a 200-day simple moving average of $24.44. The company has a market capitalization of $3.90 billion, a PE ratio of -43.35 and a beta of 1.01. Huntsman Co. has a one year low of $21.41 and a one year high of $29.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, sell-side analysts predict that Huntsman Co. will post 0.4 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. Huntsman’s dividend payout ratio (DPR) is currently -192.31%.

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.