ARP Americas LP trimmed its holdings in shares of Huntsman Co. (NYSE:HUN) by 27.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,253 shares of the basic materials company’s stock after selling 5,700 shares during the quarter. ARP Americas LP’s holdings in Huntsman were worth $294,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Huntsman by 30.5% during the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 484 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Huntsman by 5.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,549 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 677 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Huntsman during the 4th quarter worth about $26,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Huntsman during the 4th quarter worth about $27,000. Finally, First Interstate Bank increased its position in shares of Huntsman by 215.6% during the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,503 shares during the last quarter. 75.41% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on HUN. KeyCorp cut their price objective on Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 3rd. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Monday, December 31st. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research cut Huntsman from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. cut Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.23.
Shares of Huntsman stock opened at $23.46 on Friday. Huntsman Co. has a 12 month low of $17.58 and a 12 month high of $33.55. The stock has a market cap of $5.61 billion, a P/E ratio of 7.02, a PEG ratio of 0.98 and a beta of 2.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.84 and a quick ratio of 1.13.
Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Huntsman had a net margin of 3.59% and a return on equity of 22.21%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts expect that Huntsman Co. will post 2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, March 14th. Huntsman’s dividend payout ratio (DPR) is 19.46%.
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Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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