Systematic Financial Management LP Increases Position in Huntsman Co. (NYSE:HUN)

Systematic Financial Management LP grew its holdings in Huntsman Co. (NYSE:HUN) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,518 shares of the basic materials company’s stock after purchasing an additional 20,261 shares during the quarter. Systematic Financial Management LP owned about 0.30% of Huntsman worth $11,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after purchasing an additional 97,082 shares during the period. Millennium Management LLC lifted its holdings in Huntsman by 5.2% in the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after acquiring an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Huntsman by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after acquiring an additional 1,547,344 shares during the last quarter. Wellington Management Group LLP grew its position in Huntsman by 75.9% in the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after acquiring an additional 1,359,437 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Huntsman by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after acquiring an additional 203,396 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Performance

Shares of HUN stock opened at $24.55 on Monday. Huntsman Co. has a 52 week low of $19.91 and a 52 week high of $27.01. The firm has a 50 day moving average of $22.03 and a two-hundred day moving average of $23.44. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.25 billion, a PE ratio of -47.21 and a beta of 1.00.

Huntsman (NYSE:HUN) last released its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. Huntsman’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. On average, research analysts predict that Huntsman Co. will post 0.2 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 4.07%. Huntsman’s dividend payout ratio (DPR) is -192.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group lowered their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Citigroup reduced their price target on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada lowered their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company dropped their target price on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and an average price target of $25.56.

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.