Huntsman Co. (NYSE:HUN) Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,038,053 shares of the basic materials company's stock after acquiring an additional 62,396 shares during the period. Panagora Asset Management Inc. owned about 0.60% of Huntsman worth $26,086,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HUN. Wellington Management Group LLP lifted its position in shares of Huntsman by 101.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company's stock worth $43,727,000 after purchasing an additional 904,696 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Huntsman by 204.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,217 shares of the basic materials company's stock worth $1,488,000 after acquiring an additional 39,749 shares during the period. Dark Forest Capital Management LP raised its position in shares of Huntsman by 115.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 105,627 shares of the basic materials company's stock worth $2,577,000 after acquiring an additional 56,598 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Huntsman in the 4th quarter valued at approximately $1,179,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Huntsman in the 3rd quarter valued at approximately $2,889,000. 84.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on Huntsman from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 7th. Stifel Nicolaus dropped their price objective on shares of Huntsman from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. Wells Fargo & Company raised shares of Huntsman from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $25.00 to $32.00 in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group boosted their price target on Huntsman from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.73.

Huntsman Stock Performance

Shares of Huntsman stock traded up $0.27 during trading on Friday, hitting $25.18. 889,889 shares of the company's stock traded hands, compared to its average volume of 1,828,361. Huntsman Co. has a 1 year low of $22.14 and a 1 year high of $29.90. The business has a 50-day simple moving average of $24.96 and a 200-day simple moving average of $24.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The stock has a market capitalization of $4.36 billion, a P/E ratio of -48.42 and a beta of 1.14.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $0.20 earnings per share. The business's revenue for the quarter was down 8.5% on a year-over-year basis. As a group, analysts forecast that Huntsman Co. will post 0.41 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.25 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 3.97%. Huntsman's payout ratio is -192.31%.

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.