Virtu Financial LLC Sells 12,124 Shares of Huntsman Co. (NYSE:HUN)

Virtu Financial LLC trimmed its position in shares of Huntsman Co. (NYSE:HUN) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,072 shares of the basic materials company’s stock after selling 12,124 shares during the quarter. Virtu Financial LLC’s holdings in Huntsman were worth $253,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HUN. Franklin Resources Inc. lifted its holdings in shares of Huntsman by 7.2% during the fourth quarter. Franklin Resources Inc. now owns 1,258,188 shares of the basic materials company’s stock valued at $31,618,000 after purchasing an additional 84,462 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Huntsman by 101.9% during the third quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 904,696 shares during the last quarter. Norges Bank purchased a new position in shares of Huntsman during the fourth quarter valued at approximately $43,761,000. Commerce Bank lifted its holdings in shares of Huntsman by 16.1% during the fourth quarter. Commerce Bank now owns 234,824 shares of the basic materials company’s stock valued at $5,901,000 after purchasing an additional 32,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Huntsman by 204.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,217 shares of the basic materials company’s stock valued at $1,488,000 after purchasing an additional 39,749 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Price Performance

Shares of HUN opened at $23.45 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of -45.09 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $24.29 and a two-hundred day simple moving average of $24.73. Huntsman Co. has a 1-year low of $22.14 and a 1-year high of $29.90.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities analysts anticipate that Huntsman Co. will post 0.41 EPS for the current year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. Huntsman’s dividend payout ratio is presently -192.31%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HUN shares. JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $22.00 to $27.00 in a report on Friday, June 7th. The Goldman Sachs Group boosted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Royal Bank of Canada boosted their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Finally, Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.20.

Huntsman 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.