Huntsman Corporation $HUN Shares Bought by Boston Partners

Boston Partners grew its position in shares of Huntsman Corporation (NYSE:HUN) by 657.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 982,508 shares of the basic materials company’s stock after purchasing an additional 852,877 shares during the period. Boston Partners owned approximately 0.57% of Huntsman worth $10,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Entropy Technologies LP increased its holdings in Huntsman by 453.9% during the 2nd quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock worth $1,122,000 after purchasing an additional 88,215 shares during the period. Invesco Ltd. increased its stake in shares of Huntsman by 1.3% during the first quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock worth $95,751,000 after buying an additional 75,097 shares during the period. Investors Research Corp raised its holdings in Huntsman by 140.8% in the second quarter. Investors Research Corp now owns 66,604 shares of the basic materials company’s stock valued at $694,000 after acquiring an additional 38,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Huntsman by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after acquiring an additional 419,009 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Huntsman during the 2nd quarter worth approximately $572,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Stock Up 3.4%

HUN opened at $10.42 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -5.34 and a beta of 0.68. Huntsman Corporation has a one year low of $7.30 and a one year high of $20.94. The business’s fifty day moving average is $8.72 and its two-hundred day moving average is $10.16.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $0.10 EPS. The company’s revenue was down 5.2% on a year-over-year basis. Analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.0875 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.4%. Huntsman’s dividend payout ratio (DPR) is presently -18.42%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Alembic Global Advisors set a $11.00 target price on Huntsman in a research note on Monday, October 27th. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. The Goldman Sachs Group dropped their target price on shares of Huntsman from $10.00 to $9.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Bank of America reissued an “underperform” rating and issued a $8.00 price target (down from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Finally, UBS Group decreased their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.00.

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.