Renaissance Technologies LLC Lowers Holdings in Huntsman Co. (NYSE:HUN)

Renaissance Technologies LLC lowered its position in shares of Huntsman Co. (NYSE:HUN) by 80.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,299 shares of the basic materials company’s stock after selling 199,201 shares during the period. Renaissance Technologies LLC’s holdings in Huntsman were worth $871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in shares of Huntsman by 84.6% in the 3rd quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company’s stock valued at $680,000 after purchasing an additional 12,875 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after buying an additional 124,841 shares during the period. First Hawaiian Bank bought a new position in Huntsman in the fourth quarter worth approximately $569,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Huntsman by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after buying an additional 674 shares during the period. Finally, Matrix Trust Co increased its holdings in shares of Huntsman by 853.7% in the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 8,648 shares during the period. 84.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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 note on Wednesday, February 19th. UBS Group lowered their price target on shares of Huntsman from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Bank of America lowered shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Morgan Stanley lowered their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on Huntsman from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and an average target price of $17.67.

Huntsman Stock Performance

Shares of HUN stock opened at $13.38 on Friday. The business has a fifty day moving average of $15.11 and a 200 day moving average of $17.64. 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 firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.85. Huntsman Co. has a 1 year low of $11.90 and a 1 year high of $25.92.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. As a group, research analysts expect 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. Stockholders of record on Friday, June 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.48%. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Huntsman Company 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.