Polymer Capital Management US LLC Takes $1.26 Million Position in Huntsman Co. (NYSE:HUN)

Polymer Capital Management US LLC purchased a new position in Huntsman Co. (NYSE:HUN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 69,776 shares of the basic materials company’s stock, valued at approximately $1,258,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock worth $297,171,000 after buying an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock worth $102,529,000 after acquiring an additional 349,502 shares during the last quarter. Pzena Investment Management LLC lifted its position in Huntsman by 320.2% in the 4th 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 in the last quarter. State Street Corp boosted its stake in Huntsman by 2.2% during the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Huntsman by 1.6% in 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 purchasing an additional 40,330 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on HUN shares. Citigroup dropped their price objective on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Mizuho reduced their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group decreased their target price on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Wednesday, March 5th. 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.63.

Huntsman Trading Down 3.7 %

Shares of Huntsman stock opened at $13.38 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $2.32 billion, a PE ratio of -12.16 and a beta of 0.85. Huntsman Co. has a 1-year low of $12.46 and a 1-year high of $25.98. The company’s fifty day simple moving average is $16.76 and its 200-day simple moving average is $19.06.

Huntsman (NYSE:HUN) last released its 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, equities analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

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