Duality Advisers LP Takes $1.75 Million Position in Huntsman Co. (NYSE:HUN)

Duality Advisers LP bought a new stake in Huntsman Co. (NYSE:HUN) in the fourth quarter, HoldingsChannel.com reports. The firm bought 69,546 shares of the basic materials company’s stock, valued at approximately $1,748,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Huntsman by 2.2% in the 3rd quarter. FMR LLC now owns 8,379,307 shares of the basic materials company’s stock valued at $204,455,000 after buying an additional 183,734 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Huntsman by 2.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,463,817 shares of the basic materials company’s stock worth $157,717,000 after acquiring an additional 152,667 shares during the last quarter. Invesco Ltd. lifted its stake in Huntsman by 14.6% in the third quarter. Invesco Ltd. now owns 4,372,034 shares of the basic materials company’s stock worth $106,678,000 after acquiring an additional 556,629 shares during the last quarter. Wellington Management Group LLP grew its holdings in Huntsman by 101.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 904,696 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Huntsman by 3.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,770,005 shares of the basic materials company’s stock valued at $43,188,000 after purchasing an additional 55,828 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Trading Up 1.8 %

HUN opened at $24.14 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 52 week low of $22.14 and a 52 week high of $29.90. The business’s 50 day moving average is $25.20 and its two-hundred day moving average is $24.64. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 45.55 and a beta of 1.12.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Huntsman had a net margin of 1.65% and a return on equity of 1.92%. The business’s revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. On average, research analysts predict that Huntsman Co. will post 0.47 EPS for the current year.

Huntsman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.14%. This is a boost from Huntsman’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 14th. Huntsman’s dividend payout ratio is presently 188.68%.

Wall Street Analyst Weigh In

HUN has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company raised Huntsman from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. The Goldman Sachs Group increased their price objective on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, March 5th. Finally, Royal Bank of Canada raised their target price on Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.55.

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.