Nikko Asset Management Americas Inc. Has $1.13 Million Stake in Huntsman Co. (NYSE:HUN)

Nikko Asset Management Americas Inc. cut its stake in shares of Huntsman Co. (NYSE:HUN) by 14.5% during the 4th quarter, Holdings Channel reports. The fund owned 62,777 shares of the basic materials company’s stock after selling 10,677 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Huntsman were worth $1,132,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Huntsman in the 4th quarter valued at about $40,000. True Wealth Design LLC acquired a new stake in Huntsman in the third quarter valued at approximately $62,000. Signaturefd LLC increased its holdings in shares of Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 2,788 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new position in shares of Huntsman during the third quarter worth approximately $203,000. Finally, KBC Group NV lifted its holdings in shares of Huntsman by 95.3% in the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 4,506 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HUN has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped 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. Mizuho decreased their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Morgan Stanley lowered their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

Huntsman Price Performance

Huntsman stock opened at $17.70 on Tuesday. The business’s 50 day simple moving average is $17.13 and its 200 day simple moving average is $19.65. Huntsman Co. has a 12 month low of $15.46 and a 12 month high of $26.48. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -16.09 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 (NYSE:HUN) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Sell-side analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

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