Amalgamated Bank Sells 3,249 Shares of Huntsman Co. (NYSE:HUN)

Amalgamated Bank decreased its position in Huntsman Co. (NYSE:HUN) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,938 shares of the basic materials company’s stock after selling 3,249 shares during the quarter. Amalgamated Bank’s holdings in Huntsman were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HUN. Allspring Global Investments Holdings LLC lifted its holdings in shares of Huntsman by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after acquiring an additional 97,082 shares during the last quarter. Wellington Management Group LLP lifted its stake in Huntsman by 75.9% in the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after purchasing an additional 1,359,437 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after buying an additional 2,531,800 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of 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 buying an additional 203,396 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Huntsman by 52.4% in 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 buying an additional 811,099 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

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

Huntsman Trading Down 0.9 %

NYSE:HUN opened at $24.55 on Friday. The company has a 50-day moving average price of $22.03 and a 200-day moving average price of $23.48. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -47.21 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman Co. has a 12 month low of $19.91 and a 12 month high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Equities analysts predict that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Dividend Announcement

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.07%. Huntsman’s dividend payout ratio (DPR) is -192.31%.

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.