Vanguard Group Inc. Has $429.87 Million Holdings in Huntsman Co. (NYSE:HUN)

Vanguard Group Inc. lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,105,672 shares of the basic materials company’s stock after selling 59,560 shares during the period. Vanguard Group Inc. owned about 0.10% of Huntsman worth $429,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Huntsman by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock worth $256,681,000 after buying an additional 210,754 shares during the period. Wellington Management Group LLP raised its holdings in Huntsman by 75.9% during the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after buying an additional 1,359,437 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Huntsman by 3.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,770,005 shares of the basic materials company’s stock worth $43,188,000 after buying an additional 55,828 shares during the period. Norges Bank acquired a new stake in Huntsman during the 4th quarter worth about $43,761,000. Finally, Victory Capital Management Inc. raised its holdings in Huntsman by 6,496.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock worth $36,637,000 after buying an additional 1,435,782 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HUN. Royal Bank of Canada upped their target price on Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, May 7th. The Goldman Sachs Group upped their target price on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their target price for the company from $22.00 to $27.00 in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.20.

Huntsman Trading Down 0.0 %

NYSE:HUN opened at $22.89 on Thursday. The stock’s 50 day moving average price is $24.24 and its 200 day moving average price is $24.69. Huntsman Co. has a 52 week low of $22.14 and a 52 week high of $29.90. The company has a market capitalization of $3.96 billion, a P/E ratio of -44.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, research analysts forecast that Huntsman Co. will post 0.4 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. Huntsman’s payout ratio is currently -192.31%.

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.