Quantinno Capital Management LP Acquires 21,445 Shares of Huntsman Co. (NYSE:HUN)

Quantinno Capital Management LP grew its holdings in shares of Huntsman Co. (NYSE:HUN) by 112.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,482 shares of the basic materials company’s stock after purchasing an additional 21,445 shares during the period. Quantinno Capital Management LP’s holdings in Huntsman were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HUN. Vanguard Group Inc. raised its stake in Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock valued at $297,171,000 after buying an additional 130,702 shares during the last quarter. Northern Trust Corp raised its position in shares of Huntsman by 14.2% in the 4th quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company’s stock worth $18,194,000 after purchasing an additional 125,595 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 349,502 shares in the last quarter. Madison Investment Advisors LLC bought a new position in Huntsman in the 4th quarter worth about $1,338,000. Finally, Icon Advisers Inc. Co. grew its position in Huntsman by 86.3% during the 4th quarter. Icon Advisers Inc. Co. now owns 136,000 shares of the basic materials company’s stock valued at $2,452,000 after purchasing an additional 63,000 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Down 2.0%

HUN stock opened at $11.40 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -10.36 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. The business’s 50-day moving average is $13.50 and its two-hundred day moving average is $16.48. Huntsman Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.42.

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

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. The ex-dividend date is Friday, June 13th. Huntsman’s dividend payout ratio is presently -109.89%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HUN shares. The Goldman Sachs Group dropped their target price on shares of Huntsman from $19.00 to $13.50 and set a “sell” rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen cut Huntsman from a “hold” rating to a “sell” rating in a research report on Wednesday. UBS Group reduced their target price on Huntsman from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Bank of America cut Huntsman from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

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.