40,357 Shares in Huntsman Co. (NYSE:HUN) Acquired by AMG National Trust Bank

AMG National Trust Bank purchased a new position in shares of Huntsman Co. (NYSE:HUN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,357 shares of the basic materials company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUN. Pzena Investment Management LLC acquired a new position in Huntsman during the third quarter worth approximately $27,045,000. Hotchkis & Wiley Capital Management LLC increased its position in Huntsman by 295.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock worth $17,496,000 after purchasing an additional 539,990 shares during the last quarter. Bank of New York Mellon Corp increased its position in Huntsman by 35.0% during the fourth 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 purchasing an additional 357,136 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock worth $102,529,000 after buying an additional 349,502 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Huntsman during the fourth quarter worth approximately $5,475,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

HUN has been the subject of several research reports. Citigroup decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Finally, Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.50.

Huntsman Price Performance

Shares of HUN stock opened at $17.33 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of -15.75 and a beta of 0.95. The firm has a fifty day simple moving average of $17.17 and a 200-day simple moving average of $19.86. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a twelve month low of $15.46 and a twelve month high of $26.76.

Huntsman (NYSE:HUN) last announced 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). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Equities research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 5.77%. Huntsman’s dividend payout ratio is presently -90.91%.

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.