26,154 Shares in Huntsman Co. (NYSE:HUN) Acquired by Kennondale Capital Management LLC

Kennondale Capital Management LLC acquired a new position in Huntsman Co. (NYSE:HUN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 26,154 shares of the basic materials company’s stock, valued at approximately $472,000.

Several other institutional investors have also recently bought and sold shares of HUN. Wealth Enhancement Advisory Services LLC grew its holdings in Huntsman by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 674 shares during the period. Larson Financial Group LLC grew its holdings in Huntsman by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,163 shares during the period. PNC Financial Services Group Inc. grew its holdings in Huntsman by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 1,212 shares during the period. EMC Capital Management grew its holdings in Huntsman by 21.5% during the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 1,821 shares during the period. Finally, R Squared Ltd acquired a new stake in Huntsman during the 4th quarter worth $40,000. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Citigroup dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. 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 stock. According to MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average price target of $20.50.

Huntsman Price Performance

HUN stock opened at $17.70 on Tuesday. The company has a market capitalization of $3.06 billion, a P/E ratio of -16.09 and a beta of 0.95. The company has a fifty day moving average price of $17.13 and a 200-day moving average price of $19.65. Huntsman Co. has a 52-week low of $15.46 and a 52-week high of $26.48. 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 results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities analysts expect that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is currently -90.91%.

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.