Huntsman Co. (HUN) Stake Increased by Bailard Inc.

Bailard Inc. lifted its stake in shares of Huntsman Co. (NYSE:HUN) by 16.8% in the 1st quarter, HoldingsChannel reports. The fund owned 17,400 shares of the basic materials company’s stock after acquiring an additional 2,500 shares during the period. Bailard Inc.’s holdings in Huntsman were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in Huntsman by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 23,641,404 shares of the basic materials company’s stock valued at $643,755,000 after purchasing an additional 314,873 shares during the period. Vanguard Group Inc. boosted its stake in Huntsman by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,641,404 shares of the basic materials company’s stock valued at $643,755,000 after purchasing an additional 314,873 shares during the period. BlackRock Inc. boosted its stake in Huntsman by 6.6% during the 4th quarter. BlackRock Inc. now owns 15,347,050 shares of the basic materials company’s stock valued at $296,046,000 after purchasing an additional 947,164 shares during the period. Bank of New York Mellon Corp boosted its stake in Huntsman by 32.4% during the 4th quarter. Bank of New York Mellon Corp now owns 11,334,616 shares of the basic materials company’s stock valued at $218,644,000 after purchasing an additional 2,772,322 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Huntsman by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,682,522 shares of the basic materials company’s stock valued at $109,615,000 after purchasing an additional 19,446 shares during the period. Institutional investors own 77.32% of the company’s stock.

Shares of HUN stock opened at $23.24 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.84 and a debt-to-equity ratio of 0.81. Huntsman Co. has a 12 month low of $17.58 and a 12 month high of $33.55. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.97 and a beta of 2.25.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Huntsman had a return on equity of 22.21% and a net margin of 3.59%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business posted $0.76 EPS. Huntsman’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Huntsman Co. will post 2.81 EPS for the current year.

Several analysts recently weighed in on the company. ValuEngine upgraded Huntsman from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. KeyCorp decreased their target price on Huntsman from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a research note on Wednesday, February 13th. Zacks Investment Research downgraded Huntsman from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada decreased their target price on Huntsman from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Huntsman presently has an average rating of “Hold” and an average price target of $30.86.

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About Huntsman

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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