13,601 Shares in Huntsman Co. (NYSE:HUN) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Huntsman Co. (NYSE:HUN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 13,601 shares of the basic materials company’s stock, valued at approximately $245,000.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Huntsman by 10.3% in the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after purchasing an additional 124,841 shares in the last quarter. Bank of Montreal Can raised its position in Huntsman by 152.7% in the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after purchasing an additional 60,072 shares during the last quarter. First Hawaiian Bank acquired a new position in Huntsman during the 4th quarter worth $569,000. Ieq Capital LLC boosted its position in Huntsman by 390.7% in the 4th quarter. Ieq Capital LLC now owns 79,230 shares of the basic materials company’s stock valued at $1,429,000 after buying an additional 63,085 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Huntsman in the 3rd quarter valued at $5,317,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price target 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. Royal Bank of Canada increased their price objective on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Finally, Citigroup lowered their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.50.

Huntsman Price Performance

Shares of HUN stock opened at $17.33 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 12-month low of $15.46 and a 12-month high of $26.76. The firm has a fifty day moving average of $17.17 and a 200-day moving average of $19.84. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -15.75 and a beta of 0.95.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, equities research analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s dividend payout ratio is -90.91%.

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.