Deutsche Bank AG Reduces Position in Huntsman Co. (NYSE:HUN)

Deutsche Bank AG decreased its stake in shares of Huntsman Co. (NYSE:HUN) by 90.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock worth $297,171,000 after purchasing an additional 130,702 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock worth $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Huntsman by 320.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock worth $84,663,000 after purchasing an additional 3,578,100 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in shares of Huntsman by 70.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company’s stock worth $49,815,000 after purchasing an additional 1,139,549 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Huntsman during the fourth quarter worth $37,464,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Huntsman from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Morgan Stanley decreased their price objective on Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Bank of America cut Huntsman from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, Royal Bank of Canada decreased their price objective on Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus target price of $15.00.

Huntsman Price Performance

Shares of Huntsman stock opened at $11.03 on Tuesday. Huntsman Co. has a twelve month low of $10.89 and a twelve month high of $25.12. The stock has a market capitalization of $1.92 billion, a P/E ratio of -10.03 and a beta of 0.82. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $12.89 and its 200 day moving average price is $16.06.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date is Friday, June 13th. Huntsman’s dividend payout ratio is presently -109.89%.

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.