Ameriprise Financial Inc. Boosts Stock Position in Huntsman Co. (NYSE:HUN)

Ameriprise Financial Inc. grew its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 30.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 155,213 shares of the basic materials company's stock after acquiring an additional 35,949 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of Huntsman worth $2,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after buying an additional 956 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Huntsman by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock worth $571,000 after buying an additional 1,212 shares during the last quarter. Mariner LLC lifted its position in Huntsman by 10.0% in the fourth quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock worth $244,000 after buying an additional 1,233 shares during the last quarter. EMC Capital Management lifted its position in Huntsman by 21.5% in the fourth quarter. EMC Capital Management now owns 10,288 shares of the basic materials company's stock worth $185,000 after buying an additional 1,821 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Huntsman by 0.6% in the fourth quarter. Legal & General Group Plc now owns 312,035 shares of the basic materials company's stock worth $5,626,000 after buying an additional 1,905 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Stock Down 1.0%

Shares of HUN traded down $0.11 during mid-day trading on Monday, hitting $11.03. The company's stock had a trading volume of 3,054,148 shares, compared to its average volume of 2,652,380. The company's 50-day moving average is $12.89 and its 200-day moving average is $16.06. Huntsman Co. has a 52-week low of $10.89 and a 52-week high of $25.12. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -10.03 and a beta of 0.82. 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 (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, hitting analysts' consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Huntsman's revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 9.06%. Huntsman's dividend payout ratio (DPR) is presently -109.89%.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of analyst reports. Citigroup lowered their price target on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. The Goldman Sachs Group reduced 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. Morgan Stanley reduced their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Wall Street Zen lowered Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Royal Bank of Canada reduced their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Huntsman currently has an average rating of "Hold" and a consensus price target 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.