Pzena Investment Management LLC Has $57.05 Million Stock Holdings in Huntsman Corporation $HUN

Pzena Investment Management LLC increased its position in Huntsman Corporation (NYSE:HUN) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,705,178 shares of the basic materials company’s stock after buying an additional 311,312 shares during the period. Pzena Investment Management LLC’s holdings in Huntsman were worth $57,052,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its position in Huntsman by 267.9% in the 4th quarter. IFP Advisors Inc now owns 8,094 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 5,894 shares in the last quarter. Mission Wealth Management LP bought a new position in Huntsman in the 4th quarter valued at about $117,000. Gamco Investors INC. ET AL lifted its position in Huntsman by 10.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 323,500 shares of the basic materials company’s stock valued at $3,235,000 after acquiring an additional 30,000 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Huntsman in the 4th quarter valued at about $350,000. Finally, Sequoia Financial Advisors LLC lifted its position in Huntsman by 73.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,156 shares of the basic materials company’s stock valued at $382,000 after acquiring an additional 16,128 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Up 2.7%

Huntsman stock opened at $14.43 on Friday. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $15.90. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -7.52 and a beta of 0.62. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $13.28 and a 200 day simple moving average of $11.73.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. Huntsman’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. On average, analysts predict that Huntsman Corporation will post -0.25 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s payout ratio is currently -18.23%.

Wall Street Analyst Weigh In

HUN has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on shares of Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. cut shares of Huntsman from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $14.00 in a research report on Thursday, February 19th. Morgan Stanley lifted their target price on shares of Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 target price on shares of Huntsman in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Huntsman has a consensus rating of “Reduce” and a consensus target price of $13.17.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.