Royce & Associates LP Sells 2,583 Shares of Huntsman Co. (NYSE:HUN)

Royce & Associates LP reduced its position in shares of Huntsman Co. (NYSE:HUN) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,500 shares of the basic materials company’s stock after selling 2,583 shares during the quarter. Royce & Associates LP owned about 0.13% of Huntsman worth $4,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUN. Pzena Investment Management LLC increased its stake in shares of Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock valued at $84,663,000 after acquiring an additional 3,578,100 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Huntsman by 295.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock valued at $17,496,000 after acquiring an additional 539,990 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Huntsman by 35.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company’s stock valued at $24,825,000 after purchasing an additional 357,136 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after purchasing an additional 349,502 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Huntsman in the 4th quarter valued at approximately $5,475,000. 84.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HUN shares. Wells Fargo & Company decreased their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley decreased their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada boosted their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.50.

Huntsman Trading Down 3.5 %

NYSE HUN opened at $16.83 on Thursday. The company has a market cap of $2.91 billion, a PE ratio of -15.30 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 12 month low of $15.46 and a 12 month high of $26.48. The stock has a 50 day moving average of $17.15 and a 200-day moving average of $19.60.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS 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%. On average, equities research analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is presently -90.91%.

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.