ExodusPoint Capital Management LP Grows Position in Huntsman Co. (NYSE:HUN)

ExodusPoint Capital Management LP raised its position in Huntsman Co. (NYSE:HUN) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 647,339 shares of the basic materials company’s stock after purchasing an additional 31,841 shares during the period. ExodusPoint Capital Management LP’s holdings in Huntsman were worth $11,672,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Huntsman by 152.7% during the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after acquiring an additional 60,072 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Huntsman by 47.5% during the third quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock worth $757,000 after purchasing an additional 10,064 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Huntsman by 89.4% during the third quarter. Quantinno Capital Management LP now owns 19,037 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 8,988 shares during the period. Systematic Financial Management LP grew its holdings in shares of Huntsman by 12.8% in the third quarter. Systematic Financial Management LP now owns 589,206 shares of the basic materials company’s stock worth $14,259,000 after purchasing an additional 66,688 shares during the last quarter. Finally, State Street Corp grew its holdings 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 worth $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday, March 5th. Citigroup lowered their price target on Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. lowered their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price target on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntsman has an average rating of “Hold” and an average price target of $19.63.

Huntsman Trading Down 3.7 %

Shares of NYSE:HUN opened at $13.38 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of -12.16 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 $12.46 and a 12-month high of $25.98. The business’s fifty day simple moving average is $16.76 and its 200-day simple moving average is $19.11.

Huntsman (NYSE:HUN) last announced its 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 firm had revenue of $1.45 billion during 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%. As a group, equities research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 7.48%. Huntsman’s payout ratio is -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.