Huntsman Co. (NYSE:HUN) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its position in Huntsman Co. (NYSE:HUN) by 90.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,389 shares of the basic materials company’s stock after selling 98,146 shares during the quarter. Deutsche Bank AG’s holdings in Huntsman were worth $187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. raised its stake in Huntsman by 2.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 531,807 shares of the basic materials company’s stock valued at $9,588,000 after acquiring an additional 13,365 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company’s stock valued at $49,815,000 after acquiring an additional 1,139,549 shares during the last quarter. Concentric Capital Strategies LP raised its stake in Huntsman by 36.3% during the 4th quarter. Concentric Capital Strategies LP now owns 274,819 shares of the basic materials company’s stock valued at $4,955,000 after acquiring an additional 73,250 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Huntsman during the 4th quarter valued at approximately $775,000. Finally, Brevan Howard Capital Management LP raised its stake in Huntsman by 45.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 43,542 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 13,695 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on HUN shares. UBS Group reduced their price objective on Huntsman from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Citigroup cut their target price on Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Wall Street Zen downgraded Huntsman from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group cut their target price on Huntsman from $19.00 to $13.50 and set a “sell” rating for the company in a research note on Tuesday, May 6th. Finally, Bank of America downgraded Huntsman from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Huntsman Stock Performance

NYSE HUN opened at $11.03 on Tuesday. Huntsman Co. has a 1-year low of $10.89 and a 1-year high of $25.12. The company has a market capitalization of $1.92 billion, a P/E ratio of -10.03 and a beta of 0.82. The business has a 50 day moving average price of $12.89 and a 200 day moving average price of $16.06. 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 (NYSE:HUN) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted ($0.06) EPS. Huntsman’s quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts expect that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.06%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman’s payout ratio is currently -109.89%.

Huntsman 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.