Deutsche Bank AG lessened its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,389 shares of the basic materials company's stock after selling 98,146 shares during the period. Deutsche Bank AG's holdings in Huntsman were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of HUN. R Squared Ltd purchased a new position in shares of Huntsman in the 4th quarter valued at about $40,000. Quadrant Capital Group LLC increased its stake in Huntsman by 74.9% during the 4th 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 in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman during the 4th quarter worth approximately $60,000. Quarry LP purchased a new stake in Huntsman during the 4th quarter worth approximately $65,000. Finally, Signaturefd LLC increased its stake in Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after buying an additional 2,788 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on HUN. Wall Street Zen lowered Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Wells Fargo & Company lowered Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. The Goldman Sachs Group cut their price objective on Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a research note on Tuesday, May 6th. Citigroup cut their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. 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 note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.00.
Get Our Latest Report on HUN
Huntsman Price Performance
Shares of Huntsman stock traded up $0.10 on Wednesday, hitting $11.51. 2,066,843 shares of the company were exchanged, compared to its average volume of 2,659,749. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -10.46 and a beta of 0.82. The company has a 50-day moving average price of $12.80 and a 200 day moving average price of $16.03. Huntsman Co. has a 1-year low of $10.75 and a 1-year high of $25.12. 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 - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. As a group, sell-side analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.
Huntsman Announces Dividend
The business also recently announced 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 8.69%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
Huntsman Profile
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Free Report)
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.
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