First Trust Advisors LP Sells 34,457 Shares of Huntsman Co. (NYSE:HUN)

First Trust Advisors LP trimmed its position in Huntsman Co. (NYSE:HUN - Free Report) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,985 shares of the basic materials company's stock after selling 34,457 shares during the quarter. First Trust Advisors LP owned about 0.16% of Huntsman worth $4,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Huntsman in the 4th quarter valued at approximately $40,000. Quadrant Capital Group LLC boosted its holdings in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after acquiring an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman during the fourth quarter worth $60,000. Signaturefd LLC lifted its position in shares of Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after purchasing an additional 2,788 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Huntsman in the 4th quarter valued at $91,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Stock Performance

Shares of HUN traded down $1.20 during trading hours on Friday, hitting $12.17. The company's stock had a trading volume of 9,490,454 shares, compared to its average volume of 2,473,728. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -11.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The business has a 50 day simple moving average of $15.00 and a two-hundred day simple moving average of $17.48. Huntsman Co. has a 52-week low of $11.90 and a 52-week high of $25.78.

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 (EPS) 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 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 prior year, the company posted ($0.06) EPS. On average, equities analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.22%. Huntsman's dividend payout ratio (DPR) is currently -90.91%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUN. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of Huntsman from $20.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Mizuho dropped their price objective on Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada increased their price objective on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Huntsman currently has an average rating of "Hold" and a consensus target price of $17.67.

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.