Vanguard Personalized Indexing Management LLC Sells 1,067 Shares of Huntsman Co. (NYSE:HUN)

Vanguard Personalized Indexing Management LLC reduced its stake in shares of Huntsman Co. (NYSE:HUN) by 9.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,359 shares of the basic materials company’s stock after selling 1,067 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Huntsman were worth $236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after purchasing an additional 97,082 shares during the last quarter. Wellington Management Group LLP lifted its position in Huntsman by 75.9% in 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 last quarter. 1832 Asset Management L.P. boosted its stake in Huntsman by 753.2% in the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after buying an additional 2,531,800 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Huntsman by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock valued at $62,697,000 after acquiring an additional 203,396 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock worth $53,701,000 after acquiring an additional 811,099 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUN. Royal Bank of Canada cut their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Citigroup dropped their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. UBS Group decreased their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.56.

Huntsman Price Performance

HUN opened at $24.55 on Monday. The stock’s 50 day moving average price is $22.03 and its 200-day moving average price is $23.44. Huntsman Co. has a 52-week low of $19.91 and a 52-week high of $27.01. The stock has a market capitalization of $4.25 billion, a PE ratio of -47.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, equities research analysts predict that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 4.07%. Huntsman’s payout ratio is -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.