Headlands Technologies LLC Makes New Investment in Huntsman Co. (NYSE:HUN)

Headlands Technologies LLC purchased a new stake in shares of Huntsman Co. (NYSE:HUN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,065 shares of the basic materials company’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also modified their holdings of HUN. Vanguard Group Inc. raised its holdings in Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock valued at $297,171,000 after buying an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $102,529,000 after acquiring an additional 349,502 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Huntsman by 320.2% in 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 acquiring an additional 3,578,100 shares in the last quarter. State Street Corp lifted its holdings in Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Huntsman by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock worth $62,538,000 after purchasing an additional 40,330 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley lowered their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, Citigroup lowered their target price on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.63.

Huntsman Trading Down 3.7 %

Huntsman stock opened at $13.38 on Monday. Huntsman Co. has a 12 month low of $12.46 and a 12 month high of $25.98. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.85. The business has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $19.06. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

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 return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.48%. The ex-dividend date was Friday, March 14th. Huntsman’s dividend payout ratio (DPR) 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.