Huntsman Co. (NYSE:HUN) Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its stake in shares of Huntsman Co. (NYSE:HUN) by 320.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,695,678 shares of the basic materials company’s stock after buying an additional 3,578,100 shares during the period. Pzena Investment Management LLC owned 2.71% of Huntsman worth $84,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Huntsman by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after buying an additional 674 shares during the period. Larson Financial Group LLC raised its holdings in shares of Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,163 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Huntsman by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock valued at $571,000 after buying an additional 1,212 shares during the period. EMC Capital Management raised its holdings in shares of Huntsman by 21.5% in the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock valued at $185,000 after buying an additional 1,821 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Huntsman in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HUN shares. The Goldman Sachs Group cut their price objective on Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. Royal Bank of Canada boosted their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Huntsman Trading Down 0.1 %

NYSE:HUN opened at $17.30 on Tuesday. The stock has a 50-day simple moving average of $17.17 and a 200-day simple moving average of $19.84. The stock has a market cap of $2.99 billion, a P/E ratio of -15.72 and a beta of 0.95. Huntsman Co. has a 1 year low of $15.46 and a 1 year high of $26.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.78%. Huntsman’s dividend payout ratio is currently -90.91%.

Huntsman 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.