Huntsman Co. (NYSE:HUN) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,227,049 shares of the basic materials company's stock after selling 566,866 shares during the quarter. AQR Capital Management LLC owned about 1.29% of Huntsman worth $39,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its holdings in shares of Huntsman by 320.2% during the fourth 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. Norges Bank purchased a new stake in Huntsman in the fourth quarter worth approximately $37,464,000. Marshall Wace LLP grew its position in Huntsman by 61.3% in the 4th quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock worth $30,870,000 after purchasing an additional 650,951 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $24,825,000 after buying an additional 357,136 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Huntsman by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUN shares. StockNews.com lowered Huntsman from a "hold" rating to a "sell" rating in a report on Monday. Citigroup reduced their price objective on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday. The Goldman Sachs Group decreased their price target on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada cut their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and a consensus target price of $15.00.

Huntsman Stock Performance

Huntsman stock traded up $0.89 during midday trading on Thursday, hitting $12.10. 1,292,379 shares of the company were exchanged, compared to its average volume of 2,500,519. Huntsman Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.78. The firm has a market capitalization of $2.10 billion, a PE ratio of -10.98 and a beta of 0.82. The business has a fifty day simple moving average of $14.67 and a two-hundred day simple moving average of $17.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The business's quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.26%. Huntsman's dividend payout ratio is currently -109.89%.

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.