Allspring Global Investments Holdings LLC Grows Stock Position in Huntsman Co. (NYSE:HUN)

Allspring Global Investments Holdings LLC grew its position in shares of Huntsman Co. (NYSE:HUN) by 0.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,670,825 shares of the basic materials company’s stock after purchasing an additional 2,848 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Huntsman were worth $116,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Huntsman in the 4th quarter valued at about $40,000. True Wealth Design LLC bought a new stake in shares of Huntsman in the third quarter valued at approximately $62,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the 3rd quarter valued at approximately $78,000. Rossmore Private Capital purchased a new stake in shares of Huntsman during the 3rd quarter valued at approximately $202,000. Finally, MidWestOne Financial Group Inc. bought a new position in Huntsman in the 3rd quarter worth approximately $203,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 0.7 %

Shares of HUN opened at $16.75 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a 1-year low of $15.67 and a 1-year high of $27.01. The company has a market capitalization of $2.90 billion, a P/E ratio of -24.28 and a beta of 0.95. The firm’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $20.35.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUN. Mizuho lowered their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley reduced their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $22.63.

About Huntsman

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.