LPL Financial LLC Reduces Stock Position in Huntsman Co. (NYSE:HUN)

LPL Financial LLC trimmed its position in Huntsman Co. (NYSE:HUN – Get Rating) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,258 shares of the basic materials company’s stock after selling 18,284 shares during the quarter. LPL Financial LLC’s holdings in Huntsman were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of HUN. BlackRock Inc. increased its position in Huntsman by 0.4% in the first quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock worth $475,358,000 after buying an additional 47,739 shares during the period. First Trust Advisors LP lifted its stake in Huntsman by 5.8% during the third quarter. First Trust Advisors LP now owns 9,078,812 shares of the basic materials company’s stock valued at $222,794,000 after purchasing an additional 495,609 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Huntsman by 11.0% in the third quarter. Dimensional Fund Advisors LP now owns 7,869,740 shares of the basic materials company’s stock worth $193,125,000 after buying an additional 781,733 shares during the last quarter. LSV Asset Management increased its holdings in shares of Huntsman by 5.7% in the third quarter. LSV Asset Management now owns 7,812,516 shares of the basic materials company’s stock valued at $191,719,000 after buying an additional 418,534 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Huntsman by 7.6% during the third quarter. Macquarie Group Ltd. now owns 5,464,396 shares of the basic materials company’s stock valued at $134,176,000 after purchasing an additional 384,792 shares during the last quarter. Institutional investors own 87.57% of the company’s stock.

Huntsman Price Performance

Shares of HUN stock opened at $25.28 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.07 and a beta of 1.12. The firm’s 50 day moving average is $26.47 and its 200-day moving average is $28.26. Huntsman Co. has a 1 year low of $23.53 and a 1 year high of $37.05.

Huntsman (NYSE:HUN – Get Rating) last released its earnings results on Friday, May 5th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.67 billion. Huntsman had a return on equity of 11.16% and a net margin of 5.11%. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. Sell-side analysts forecast that Huntsman Co. will post 1.46 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.2375 dividend. This represents a $0.95 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, June 14th. Huntsman’s payout ratio is 48.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HUN. VNET Group restated a “maintains” rating on shares of Huntsman in a report on Tuesday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Huntsman from $31.00 to $29.00 in a research report on Monday, May 8th. Vertical Research downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Mizuho lowered their price target on shares of Huntsman from $27.00 to $26.00 in a report on Tuesday, May 9th. Finally, StockNews.com began coverage on shares of Huntsman in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.33.

Huntsman Profile

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Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.