21,456 Shares in Huntsman Co. (NYSE:HUN) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Huntsman Co. (NYSE:HUN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,456 shares of the basic materials company’s stock, valued at approximately $387,000.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in shares of Huntsman by 242.4% in the third quarter. Cerity Partners LLC now owns 44,970 shares of the basic materials company’s stock valued at $1,088,000 after purchasing an additional 31,837 shares in the last quarter. Larson Financial Group LLC boosted its position in Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,163 shares during the last quarter. Bank of Montreal Can increased its position in Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after purchasing an additional 60,072 shares during the period. FORA Capital LLC bought a new stake in Huntsman during the 3rd quarter worth about $285,000. Finally, Captrust Financial Advisors lifted its position in Huntsman by 47.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 10,064 shares during the period. 84.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HUN. The Goldman Sachs Group cut their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. Mizuho lowered their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley reduced their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup cut their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Huntsman Stock Performance

HUN opened at $16.14 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The business’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $19.43. Huntsman Co. has a 52-week low of $15.46 and a 52-week high of $26.48. The firm has a market capitalization of $2.80 billion, a PE ratio of -14.67 and a beta of 0.95.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (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 during the quarter, compared to analyst estimates of $1.45 billion. As a group, sell-side analysts expect that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 6.20%. Huntsman’s dividend payout ratio (DPR) is -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.