Deprince Race & Zollo Inc. Has $49.82 Million Stock Holdings in Huntsman Co. (NYSE:HUN)

Deprince Race & Zollo Inc. boosted its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 70.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,762,907 shares of the basic materials company's stock after buying an additional 1,139,549 shares during the period. Huntsman accounts for approximately 1.0% of Deprince Race & Zollo Inc.'s holdings, making the stock its 24th largest holding. Deprince Race & Zollo Inc. owned approximately 1.60% of Huntsman worth $49,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Huntsman in the 4th quarter worth approximately $40,000. Quadrant Capital Group LLC raised its holdings in shares of Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Huntsman in the 4th quarter worth about $60,000. Quarry LP acquired a new position in shares of Huntsman in the 4th quarter valued at about $65,000. Finally, Signaturefd LLC grew its position in shares of Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,788 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

Shares of HUN traded up $0.06 during mid-day trading on Tuesday, hitting $12.99. 1,310,805 shares of the company traded hands, compared to its average volume of 2,533,591. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -11.81 and a beta of 0.82. The business has a 50-day moving average of $14.42 and a 200 day moving average of $17.02. Huntsman Co. has a one year low of $11.15 and a one year high of $25.78.

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

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman's dividend payout ratio (DPR) is presently -109.89%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUN. Royal Bank of Canada reduced their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. StockNews.com lowered Huntsman from a "hold" rating to a "sell" rating in a report on Monday, May 5th. The Goldman Sachs Group cut their target price on Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday, May 6th. Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.00.

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.