Ieq Capital LLC Boosts Position in Huntsman Co. (NYSE:HUN)

Ieq Capital LLC grew its stake in shares of Huntsman Co. (NYSE:HUN) by 390.7% during the fourth quarter, Holdings Channel reports. The firm owned 79,230 shares of the basic materials company’s stock after purchasing an additional 63,085 shares during the period. Ieq Capital LLC’s holdings in Huntsman were worth $1,429,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Creative Planning boosted its stake in Huntsman by 16.0% in the third quarter. Creative Planning now owns 28,925 shares of the basic materials company’s stock valued at $700,000 after acquiring an additional 3,997 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Huntsman by 1.2% in the 3rd quarter. Raymond James & Associates now owns 271,287 shares of the basic materials company’s stock valued at $6,565,000 after purchasing an additional 3,291 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Huntsman by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,103 shares of the basic materials company’s stock valued at $2,408,000 after purchasing an additional 9,876 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Huntsman by 257.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,396 shares of the basic materials company’s stock worth $905,000 after buying an additional 26,934 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Huntsman by 21.4% during the third quarter. Nisa Investment Advisors LLC now owns 64,615 shares of the basic materials company’s stock worth $1,564,000 after buying an additional 11,400 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 0.1 %

Shares of HUN stock opened at $17.58 on Tuesday. The business’s fifty day moving average price is $17.37 and its 200 day moving average price is $20.07. The firm has a market capitalization of $3.04 billion, a PE ratio of -15.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 1-year low of $15.67 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly 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 company had revenue of $1.45 billion during 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, sell-side analysts forecast that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s dividend payout ratio is currently -90.91%.

Wall Street Analyst Weigh In

HUN has been the topic of a number of research reports. Citigroup lowered their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho lowered their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada raised their price target on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Finally, Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.63.

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.