20,708 Shares in Huntsman Co. (NYSE:HUN) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Huntsman Co. (NYSE:HUN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,708 shares of the basic materials company’s stock, valued at approximately $373,000.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Huntsman in the fourth quarter worth about $40,000. True Wealth Design LLC purchased a new stake in Huntsman in the 3rd quarter worth approximately $62,000. KBC Group NV grew its stake in shares of Huntsman by 95.3% during the 4th 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 increased its holdings in shares of Huntsman by 853.7% during the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 8,648 shares in the last quarter. Finally, Yousif Capital Management LLC acquired a new position in shares of Huntsman in the 4th quarter valued at $181,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HUN shares. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada increased their target price on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a report on Wednesday, March 5th. Finally, Mizuho decreased their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Huntsman has a consensus rating of “Hold” and an average price target of $20.50.

Huntsman Price Performance

Shares of HUN stock opened at $16.27 on Monday. 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 company has a market capitalization of $2.83 billion, a PE ratio of -14.79 and a beta of 0.95. The firm’s 50-day moving average is $17.15 and its two-hundred day moving average is $19.51. Huntsman Co. has a 12 month low of $15.46 and a 12 month high of $26.48.

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

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio is presently -90.91%.

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.