UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Huntsman Co. (NYSE:HUN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,715 shares of the basic materials company's stock after purchasing an additional 81,481 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Huntsman worth $10,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC boosted its holdings in Huntsman by 289.8% in the fourth quarter. Voloridge Investment Management LLC now owns 190,139 shares of the basic materials company's stock worth $3,428,000 after acquiring an additional 141,356 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Huntsman by 30.6% in the fourth quarter. Two Sigma Advisers LP now owns 741,700 shares of the basic materials company's stock worth $13,373,000 after acquiring an additional 173,800 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Huntsman by 28.6% in the fourth quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company's stock worth $19,370,000 after acquiring an additional 239,193 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Huntsman by 8.0% in the fourth quarter. Systematic Financial Management LP now owns 636,415 shares of the basic materials company's stock worth $11,475,000 after acquiring an additional 47,209 shares in the last quarter. Finally, Shay Capital LLC acquired a new stake in Huntsman in the fourth quarter worth about $513,000. Institutional investors own 84.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Citigroup reduced 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. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. The Goldman Sachs Group reduced 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. Finally, Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Three 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 stock. According to MarketBeat.com, Huntsman presently has a consensus rating of "Hold" and an average price target of $15.00.

Huntsman Price Performance

Shares of Huntsman stock traded down $0.11 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. Huntsman Co. has a 52-week low of $10.89 and a 52-week 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. The firm has a fifty day moving average price of $13.00 and a 200-day moving average price of $16.12. The company has a market capitalization of $1.92 billion, a P/E ratio of -10.03 and a beta of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. 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 earned ($0.06) EPS. On average, equities research analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued 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 9.06%. Huntsman's dividend payout ratio (DPR) is -109.89%.

Huntsman 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.