Quadrature Capital Ltd Grows Stake in Huntsman Co. (NYSE:HUN)

Quadrature Capital Ltd grew its stake in shares of Huntsman Co. (NYSE:HUNFree Report) by 123.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,204 shares of the basic materials company’s stock after buying an additional 30,537 shares during the period. Quadrature Capital Ltd’s holdings in Huntsman were worth $1,387,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HUN. Franklin Resources Inc. boosted its holdings in Huntsman by 7.2% in the fourth quarter. Franklin Resources Inc. now owns 1,258,188 shares of the basic materials company’s stock valued at $31,618,000 after acquiring an additional 84,462 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Huntsman by 101.9% during the third quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 904,696 shares during the period. Norges Bank acquired a new position in shares of Huntsman during the fourth quarter worth approximately $43,761,000. Commerce Bank boosted its position in shares of Huntsman by 16.1% during the fourth quarter. Commerce Bank now owns 234,824 shares of the basic materials company’s stock worth $5,901,000 after buying an additional 32,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Huntsman by 204.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,217 shares of the basic materials company’s stock worth $1,488,000 after purchasing an additional 39,749 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of HUN stock opened at $24.46 on Tuesday. The company has a 50-day simple moving average of $24.61 and a 200 day simple moving average of $24.81. Huntsman Co. has a 52 week low of $22.14 and a 52 week high of $29.90. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49.

Huntsman (NYSE:HUNGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. As a group, equities analysts forecast that Huntsman Co. will post 0.41 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $27.00 in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Tuesday, March 5th. Wells Fargo & Company raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their price target on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.18.

Read Our Latest Research Report on HUN

About Huntsman

(Free Report)

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.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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