NewEdge Advisors LLC Buys 35,734 Shares of Huntsman Co. (NYSE:HUN)

NewEdge Advisors LLC grew its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 324.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,761 shares of the basic materials company's stock after purchasing an additional 35,734 shares during the quarter. NewEdge Advisors LLC's holdings in Huntsman were worth $843,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Pzena Investment Management LLC grew its stake in Huntsman by 320.2% in the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after purchasing an additional 3,578,100 shares in the last quarter. Norges Bank acquired a new position in Huntsman during the 4th quarter valued at about $37,464,000. Bank of New York Mellon Corp grew its holdings in Huntsman by 35.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock worth $24,825,000 after buying an additional 357,136 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $102,529,000 after buying an additional 349,502 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Huntsman by 37.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,270,343 shares of the basic materials company's stock valued at $22,903,000 after buying an additional 343,964 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Stock Down 1.8 %

Shares of NYSE:HUN traded down $0.24 on Wednesday, reaching $13.22. The company had a trading volume of 1,459,282 shares, compared to its average volume of 2,425,497. The stock has a market capitalization of $2.30 billion, a P/E ratio of -12.02 and a beta of 0.85. 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 stock has a 50-day moving average price of $15.29 and a 200 day moving average price of $17.74. Huntsman Co. has a twelve month low of $11.90 and a twelve month high of $25.92.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. On average, equities analysts expect that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.56%. Huntsman's dividend payout ratio is -90.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. UBS Group cut their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group decreased their price target on Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Wednesday, March 5th. Alembic Global Advisors downgraded Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Finally, Bank of America downgraded shares of Huntsman from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.67.

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.