Strs Ohio Buys 799 Shares of Huntsman Co. (NYSE:HUN)

Strs Ohio lifted its stake in shares of Huntsman Co. (NYSE:HUN) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 524,650 shares of the basic materials company’s stock after acquiring an additional 799 shares during the quarter. Strs Ohio owned about 0.30% of Huntsman worth $13,184,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Huntsman by 101.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock valued at $43,727,000 after buying an additional 904,696 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in Huntsman by 115.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 105,627 shares of the basic materials company’s stock valued at $2,577,000 after buying an additional 56,598 shares during the last quarter. Strengthening Families & Communities LLC grew its holdings in Huntsman by 6.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 73,275 shares of the basic materials company’s stock valued at $1,788,000 after buying an additional 4,406 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Huntsman in the 3rd quarter valued at approximately $2,889,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Huntsman in the 3rd quarter valued at approximately $4,268,000. Institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUN. Royal Bank of Canada raised their target price on Huntsman from $20.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. The Goldman Sachs Group raised their target price on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, March 5th. Wells Fargo & Company raised Huntsman from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. Finally, Stifel Nicolaus decreased their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.55.

Huntsman Trading Down 0.7 %

Shares of HUN opened at $23.86 on Wednesday. The stock has a fifty day moving average price of $25.22 and a two-hundred day moving average price of $24.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.97. Huntsman Co. has a 52-week low of $22.14 and a 52-week high of $29.90. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 45.01 and a beta of 1.12.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Huntsman had a net margin of 1.65% and a return on equity of 1.92%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm posted $0.04 EPS. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. Analysts predict that Huntsman Co. will post 0.48 EPS for the current fiscal year.

Huntsman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. This is an increase from Huntsman’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 4.19%. Huntsman’s payout ratio is presently 188.68%.

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.