Amundi Invests $3.41 Million in Huntsman Corporation $HUN

Amundi bought a new position in Huntsman Corporation (NYSE:HUN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 216,124 shares of the basic materials company’s stock, valued at approximately $3,413,000. Amundi owned approximately 0.12% of Huntsman as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HUN. Nuveen LLC purchased a new position in shares of Huntsman in the first quarter worth $13,181,000. Cubist Systematic Strategies LLC raised its stake in Huntsman by 1,642.1% during the first quarter. Cubist Systematic Strategies LLC now owns 749,158 shares of the basic materials company’s stock valued at $11,829,000 after purchasing an additional 706,155 shares in the last quarter. Ieq Capital LLC raised its stake in Huntsman by 732.1% during the first quarter. Ieq Capital LLC now owns 659,310 shares of the basic materials company’s stock valued at $10,410,000 after purchasing an additional 580,080 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in Huntsman by 4,078.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company’s stock valued at $9,015,000 after purchasing an additional 488,035 shares in the last quarter. Finally, Jump Financial LLC raised its stake in Huntsman by 1,677.4% during the first quarter. Jump Financial LLC now owns 493,793 shares of the basic materials company’s stock valued at $7,797,000 after purchasing an additional 466,012 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Up 3.1%

HUN stock opened at $11.13 on Friday. The company has a market capitalization of $1.93 billion, a PE ratio of -5.71 and a beta of 0.65. Huntsman Corporation has a 12 month low of $8.91 and a 12 month high of $25.12. The firm’s 50-day moving average is $10.68 and its 200 day moving average is $12.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. On average, research analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.0%. Huntsman’s payout ratio is -51.28%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Huntsman from $12.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, August 7th. UBS Group cut their target price on Huntsman from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 9th. Wall Street Zen lowered Huntsman from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Mizuho dropped their price objective on shares of Huntsman from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company reduced their target price on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus price target of $12.25.

Huntsman Company 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.