Boston Partners Invests $2.27 Million in Huntsman Co. (NYSE:HUN)

Boston Partners purchased a new stake in Huntsman Co. (NYSE:HUN) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 125,805 shares of the basic materials company’s stock, valued at approximately $2,268,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after buying an additional 349,502 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Huntsman by 320.2% in the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock valued at $84,663,000 after acquiring an additional 3,578,100 shares during the period. State Street Corp boosted its position in shares of Huntsman by 2.2% in 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 acquiring an additional 70,382 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Huntsman by 1.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock valued at $73,937,000 after acquiring an additional 31,883 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Huntsman by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock worth $62,538,000 after acquiring an additional 40,330 shares during the period. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUN has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group dropped their price objective on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Wednesday, March 5th. Citigroup decreased their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.50.

Huntsman Price Performance

Shares of Huntsman stock opened at $16.27 on Friday. The firm has a market capitalization of $2.81 billion, a PE ratio of -14.79 and a beta of 0.95. 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 12 month low of $15.46 and a 12 month high of $26.48. The business’s 50-day moving average price is $17.15 and its 200-day moving average price is $19.54.

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

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s dividend payout ratio is presently -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.