New York State Common Retirement Fund Has $6.72 Million Stake in Huntsman Co. (NYSE:HUN)

New York State Common Retirement Fund boosted its holdings in shares of Huntsman Co. (NYSE:HUN) by 41.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,799 shares of the basic materials company’s stock after buying an additional 108,715 shares during the period. New York State Common Retirement Fund’s holdings in Huntsman were worth $6,722,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Huntsman by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 674 shares during the last quarter. Larson Financial Group LLC increased its holdings in Huntsman by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 1,163 shares in the last quarter. EMC Capital Management raised its stake in shares of Huntsman by 21.5% in the fourth quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 1,821 shares during the last quarter. R Squared Ltd bought a new position in shares of Huntsman in the fourth quarter valued at approximately $40,000. Finally, Pallas Capital Advisors LLC boosted its position in shares of Huntsman by 7.5% during the third quarter. Pallas Capital Advisors LLC now owns 34,230 shares of the basic materials company’s stock valued at $782,000 after buying an additional 2,397 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Trading Down 2.9 %

HUN opened at $17.19 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a one year low of $15.67 and a one year high of $27.01. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -15.62 and a beta of 0.95. The business has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $20.03.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion for 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 predict that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio (DPR) is currently -90.91%.

Wall Street Analyst Weigh In

HUN has been the subject of a number of analyst reports. 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. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company cut their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and an average target price of $21.63.

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.