Headlands Technologies LLC Makes New Investment in Huntsman Co. (NYSE:HUN)

Headlands Technologies LLC acquired a new stake in Huntsman Co. (NYSE:HUN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,065 shares of the basic materials company’s stock, valued at approximately $91,000.

A number of other hedge funds have also made changes to their positions in HUN. Captrust Financial Advisors increased its position in shares of Huntsman by 47.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 10,064 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Huntsman by 89.4% in the third quarter. Quantinno Capital Management LP now owns 19,037 shares of the basic materials company’s stock valued at $461,000 after buying an additional 8,988 shares during the period. State Street Corp boosted its stake in Huntsman by 2.2% during the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after buying an additional 70,382 shares in the last quarter. National Bank of Canada FI raised its position in Huntsman by 31,987.3% in the third quarter. National Bank of Canada FI now owns 96,262 shares of the basic materials company’s stock worth $2,330,000 after acquiring an additional 95,962 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Huntsman by 19.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,599 shares of the basic materials company’s stock valued at $1,007,000 after acquiring an additional 6,877 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Down 3.7 %

NYSE:HUN opened at $13.38 on Monday. Huntsman Co. has a 1-year low of $12.46 and a 1-year high of $25.98. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.85. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $16.76 and its 200 day moving average price is $19.06.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. On average, sell-side analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman’s dividend payout ratio is currently -90.91%.

Analysts Set New Price Targets

A number of analysts recently commented on HUN shares. Citigroup dropped their target price on shares of Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada upped their price target on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Mizuho reduced their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reduced their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.63.

Huntsman Company 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.