Vanguard Personalized Indexing Management LLC Has $206,000 Stock Position in Huntsman Corporation $HUN

Vanguard Personalized Indexing Management LLC lowered its holdings in shares of Huntsman Corporation (NYSE:HUN) by 24.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,814 shares of the basic materials company’s stock after selling 6,382 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Huntsman were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of Huntsman by 345.7% during the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after buying an additional 7,699,922 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after buying an additional 419,009 shares in the last quarter. Invesco Ltd. increased its holdings in Huntsman by 1.3% in the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock worth $95,751,000 after purchasing an additional 75,097 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Huntsman by 3.5% in the 1st quarter. Pzena Investment Management LLC now owns 4,859,007 shares of the basic materials company’s stock worth $76,724,000 after purchasing an additional 163,329 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after purchasing an additional 1,052,127 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HUN. UBS Group lowered their target price on Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wells Fargo & Company lowered their target price on Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, August 5th. The Goldman Sachs Group lowered their target price on Huntsman from $10.00 to $9.00 and set a “sell” rating for the company in a report on Friday, October 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research report on Saturday. Finally, Mizuho reduced their price target on Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.90.

Huntsman Stock Up 3.2%

Shares of NYSE:HUN opened at $9.03 on Friday. The business’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $10.91. The firm has a market cap of $1.57 billion, a P/E ratio of -4.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman Corporation has a 52-week low of $7.74 and a 52-week high of $23.03.

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

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 11.1%. Huntsman’s dividend payout ratio is -51.28%.

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.