Northern Trust Corp Acquires 125,595 Shares of Huntsman Co. (NYSE:HUN)

Northern Trust Corp boosted its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,009,093 shares of the basic materials company's stock after buying an additional 125,595 shares during the period. Northern Trust Corp owned approximately 0.58% of Huntsman worth $18,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HUN. Pzena Investment Management LLC raised its holdings in Huntsman by 320.2% during 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 buying an additional 3,578,100 shares during the last quarter. Norges Bank purchased a new stake in shares of Huntsman in the fourth quarter valued at about $37,464,000. Marshall Wace LLP raised its holdings in shares of Huntsman by 61.3% in the fourth quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock valued at $30,870,000 after purchasing an additional 650,951 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Huntsman by 35.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock valued at $24,825,000 after purchasing an additional 357,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Huntsman by 6.5% in the fourth 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 purchasing an additional 349,502 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Performance

HUN traded down $0.25 during trading on Monday, hitting $12.41. 3,140,372 shares of the company traded hands, compared to its average volume of 2,584,239. The firm has a market cap of $2.16 billion, a P/E ratio of -11.28 and a beta of 0.82. The stock's fifty day moving average is $13.95 and its 200 day moving average is $16.68. 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 Co. has a one year low of $11.15 and a one year high of $25.78.

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 analysts' consensus estimates of ($0.11). The firm had revenue of $1.41 billion during 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 company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) earnings per share. As a group, equities analysts predict that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given 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 yield of 8.06%. Huntsman's dividend payout ratio is presently -109.89%.

Analyst Ratings Changes

Several brokerages have recently commented on HUN. Bank of America downgraded shares of Huntsman from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. The Goldman Sachs Group lowered their target price on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a report on Tuesday, May 6th. UBS Group lowered their target price on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, StockNews.com upgraded shares of Huntsman from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.00.

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.