Quantbot Technologies LP Acquires 17,835 Shares of Huntsman Co. (NYSE:HUN)

Quantbot Technologies LP raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,483 shares of the basic materials company’s stock after purchasing an additional 17,835 shares during the period. Quantbot Technologies LP owned 0.08% of Huntsman worth $2,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HUN. Pzena Investment Management LLC grew its holdings 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 worth $84,663,000 after acquiring an additional 3,578,100 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Huntsman by 295.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock worth $17,496,000 after acquiring an additional 539,990 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Huntsman by 35.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company’s stock worth $24,825,000 after acquiring an additional 357,136 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $102,529,000 after acquiring an additional 349,502 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Huntsman during the 4th quarter worth approximately $5,475,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Citigroup cut their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. One research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.50.

Huntsman Stock Performance

Shares of HUN opened at $16.27 on Friday. The business’s fifty day simple moving average is $17.15 and its two-hundred day simple moving average is $19.52. 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 12 month low of $15.46 and a 12 month high of $26.48. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -14.79 and a beta of 0.95.

Huntsman (NYSE:HUN) last issued its earnings results 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). 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. Research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 6.15%. Huntsman’s payout ratio is -90.91%.

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.