Versor Investments LP Has $507,000 Stake in Huntsman Co. (NYSE:HUN)

Versor Investments LP raised its position in shares of Huntsman Co. (NYSE:HUN) by 165.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,100 shares of the basic materials company’s stock after purchasing an additional 17,500 shares during the quarter. Versor Investments LP’s holdings in Huntsman were worth $507,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have weighed in on HUN shares. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price objective on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group cut their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $21.63.

Huntsman Price Performance

NYSE HUN opened at $16.90 on Friday. Huntsman Co. has a fifty-two week low of $15.67 and a fifty-two week high of $27.01. The stock’s 50-day moving average is $17.28 and its two-hundred day moving average is $19.99. The firm has a market cap of $2.92 billion, a P/E ratio of -15.36 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 (NYSE:HUN) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. On average, analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 5.92%. Huntsman’s payout ratio is presently -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.