Huntsman Corporation $HUN Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its stake in shares of Huntsman Corporation (NYSE:HUN) by 39.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,335,295 shares of the basic materials company’s stock after selling 1,519,118 shares during the period. Deprince Race & Zollo Inc.’s holdings in Huntsman were worth $20,971,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HUN. IFP Advisors Inc boosted its stake in shares of Huntsman by 197.6% in the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after buying an additional 2,431 shares during the period. GAMMA Investing LLC raised its holdings in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Huntsman in the second quarter worth approximately $44,000. Quarry LP grew its holdings in Huntsman by 40.3% during the 1st quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Huntsman by 70.2% in the 2nd quarter. Parallel Advisors LLC now owns 7,975 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 3,288 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. Mizuho raised their price target on Huntsman from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. lowered their price objective on Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Huntsman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $10.23.

Huntsman Stock Performance

Shares of HUN stock opened at $10.08 on Friday. The stock’s 50-day moving average is $9.25 and its two-hundred day moving average is $9.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 1.36. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $18.53. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -5.31 and a beta of 0.68.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0875 per share. The ex-dividend date is Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.5%. Huntsman’s dividend payout ratio (DPR) is -18.42%.

About Huntsman

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.