PNC Financial Services Group Inc. Has $571,000 Holdings in Huntsman Co. (NYSE:HUN)

PNC Financial Services Group Inc. raised its holdings in Huntsman Co. (NYSE:HUN) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,694 shares of the basic materials company’s stock after buying an additional 1,212 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Huntsman were worth $571,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Huntsman during the fourth quarter worth approximately $40,000. True Wealth Design LLC acquired a new position in shares of Huntsman during the third quarter worth approximately $62,000. KBC Group NV raised its position in shares of Huntsman by 95.3% during the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 4,506 shares during the period. Matrix Trust Co raised its position in shares of Huntsman by 853.7% during the fourth quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 8,648 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in shares of Huntsman during the fourth quarter worth approximately $181,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Down 1.3 %

Shares of NYSE:HUN opened at $17.43 on Wednesday. The company has a market capitalization of $3.01 billion, a PE ratio of -15.84 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. The business has a fifty day moving average price of $17.14 and a two-hundred day moving average price of $19.62. Huntsman Co. has a 1 year low of $15.46 and a 1 year high of $26.48.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 5.74%. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HUN. Morgan Stanley lowered their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Mizuho lowered their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

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.