Pzena Investment Management LLC Buys 311,312 Shares of Huntsman Corporation $HUN

Pzena Investment Management LLC grew its stake in Huntsman Corporation (NYSE:HUN) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,705,178 shares of the basic materials company’s stock after acquiring an additional 311,312 shares during the period. Pzena Investment Management LLC owned 3.28% of Huntsman worth $57,052,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HUN. UBS Group AG grew its holdings in Huntsman by 83.5% during the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after purchasing an additional 3,351,265 shares during the period. AQR Capital Management LLC raised its stake in Huntsman by 29.8% in the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after buying an additional 2,772,563 shares during the period. Two Sigma Investments LP raised its stake in Huntsman by 476.5% in the third quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock valued at $25,517,000 after buying an additional 2,348,598 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Huntsman during the 2nd quarter worth approximately $21,953,000. Finally, Vanguard Group Inc. boosted its stake in shares of Huntsman by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after acquiring an additional 1,523,590 shares during the period. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Up 2.7%

NYSE HUN opened at $14.43 on Friday. The business has a fifty day moving average price of $13.28 and a two-hundred day moving average price of $11.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $15.90. The stock has a market capitalization of $2.53 billion, a PE ratio of -7.52 and a beta of 0.62.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. Equities analysts expect that Huntsman Corporation will post -0.25 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, June 15th. Huntsman’s dividend payout ratio is presently -18.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HUN shares. UBS Group lifted their target price on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. The Goldman Sachs Group reiterated a “sell” rating and set a $13.00 target price on shares of Huntsman in a research note on Friday, February 20th. Weiss Ratings upgraded Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $14.00 in a research note on Thursday, February 19th. Finally, Mizuho lifted their target price on Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $13.17.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.