Bank of Montreal Can Sells 64,975 Shares of Huntsman Co. (NYSE:HUN)

Bank of Montreal Can reduced its stake in shares of Huntsman Co. (NYSE:HUN) by 65.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,430 shares of the basic materials company’s stock after selling 64,975 shares during the quarter. Bank of Montreal Can’s holdings in Huntsman were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Huntsman during the 4th quarter worth about $40,000. Quadrant Capital Group LLC grew its stake in Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Huntsman during the fourth quarter worth approximately $60,000. Signaturefd LLC boosted its holdings in shares of Huntsman by 174.5% in the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 2,788 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Huntsman in the 4th quarter worth approximately $91,000. 84.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Mizuho cut their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Bank of America downgraded shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $15.00 in a research report on Tuesday, April 15th. UBS Group lowered their price objective on shares of Huntsman from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Huntsman from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntsman has an average rating of “Hold” and an average target price of $17.67.

Huntsman Stock Performance

Shares of Huntsman stock opened at $13.03 on Monday. Huntsman Co. has a 52 week low of $11.90 and a 52 week high of $25.92. 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 stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -11.84 and a beta of 0.85. The firm has a fifty day moving average of $15.86 and a two-hundred day moving average of $18.22.

Huntsman (NYSE:HUN) last released its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company 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%. As a group, equities research analysts predict that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.68%. The ex-dividend date was Friday, March 14th. Huntsman’s payout ratio is presently -90.91%.

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.