Huntsman Co. (NYSE:HUN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Huntsman Co. (NYSE:HUN) by 174.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,005 shares of the basic materials company’s stock after buying an additional 277,158 shares during the quarter. BNP Paribas Financial Markets’ holdings in Huntsman were worth $7,861,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HUN. R Squared Ltd acquired a new position in Huntsman in the 4th quarter valued at $40,000. Quadrant Capital Group LLC grew its holdings in shares of Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Huntsman during the 4th quarter worth $60,000. Quarry LP purchased a new position in shares of Huntsman during the 4th quarter worth $65,000. Finally, Signaturefd LLC grew its holdings in shares of Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,788 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HUN. Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Wells Fargo & Company cut Huntsman from an “overweight” rating to a “reduce” rating in a report on Monday, May 5th. The Goldman Sachs Group lowered their target price on Huntsman from $19.00 to $13.50 and set a “sell” rating for the company in a report on Tuesday, May 6th. Citigroup reduced their price target on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Finally, StockNews.com lowered Huntsman from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.00.

Huntsman Price Performance

Shares of NYSE HUN opened at $12.04 on Monday. The stock’s 50-day simple moving average is $14.51 and its 200-day simple moving average is $17.08. The firm has a market capitalization of $2.09 billion, a PE ratio of -10.95 and a beta of 0.82. 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 Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.78.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. As a group, equities research analysts forecast that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.31%. Huntsman’s dividend payout ratio is presently -109.89%.

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.