Systematic Financial Management LP Grows Stake in Huntsman Co. (NYSE:HUN)

Systematic Financial Management LP raised its position in Huntsman Co. (NYSE:HUN - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 636,415 shares of the basic materials company's stock after acquiring an additional 47,209 shares during the period. Systematic Financial Management LP owned approximately 0.37% of Huntsman worth $11,475,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after purchasing an additional 130,702 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Huntsman by 6.5% in the 4th 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 in the last quarter. Northern Trust Corp increased its stake in Huntsman by 14.2% in the 4th quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company's stock worth $18,194,000 after acquiring an additional 125,595 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Huntsman in the 4th quarter worth about $1,338,000. Finally, Icon Advisers Inc. Co. boosted its holdings in shares of Huntsman by 86.3% in the 4th quarter. Icon Advisers Inc. Co. now owns 136,000 shares of the basic materials company's stock worth $2,452,000 after purchasing an additional 63,000 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Analysts Set New Price Targets

HUN has been the subject of several analyst reports. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and dropped their target price for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Morgan Stanley lowered their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Royal Bank of Canada reduced 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, May 5th. The Goldman Sachs Group reduced their target price on Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.00.

Huntsman Price Performance

Shares of Huntsman stock traded down $0.23 during trading hours on Tuesday, hitting $12.19. The company's stock had a trading volume of 3,457,448 shares, compared to its average volume of 2,594,497. The business has a 50 day moving average price of $13.86 and a two-hundred day moving average price of $16.65. Huntsman Co. has a 12-month low of $11.15 and a 12-month high of $25.78. The company has a market cap of $2.12 billion, a PE ratio of -11.08 and a beta of 0.82. 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) EPS 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.20%. Huntsman's dividend payout ratio is -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.