Geneva Advisors LLC acquired a new position in Huntsman Corporation (NYSE:HUN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,127 shares of the basic materials company’s stock, valued at approximately $649,000.

A number of other large investors have also made changes to their positions in HUN. Vanguard Group Inc. raised its stake in shares of Huntsman Corporation by 18.9% in the first quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock worth $540,948,000 after buying an additional 3,497,649 shares during the last quarter. LSV Asset Management raised its stake in shares of Huntsman Corporation by 0.8% in the first quarter. LSV Asset Management now owns 10,595,412 shares of the basic materials company’s stock valued at $260,011,000 after buying an additional 81,104 shares in the last quarter. BlackRock Inc. raised its stake in shares of Huntsman Corporation by 12,556.8% in the first quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock valued at $251,343,000 after buying an additional 10,161,239 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Huntsman Corporation by 5.0% in the first quarter. AQR Capital Management LLC now owns 8,120,586 shares of the basic materials company’s stock valued at $199,280,000 after buying an additional 384,183 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Huntsman Corporation by 2.1% in the first quarter. State Street Corp now owns 2,759,845 shares of the basic materials company’s stock valued at $67,733,000 after buying an additional 55,883 shares in the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.

Huntsman Corporation (NYSE:HUN) opened at 26.40 on Wednesday. Huntsman Corporation has a 52-week low of $14.16 and a 52-week high of $28.30. The firm has a market capitalization of $6.34 billion, a PE ratio of 14.97 and a beta of 2.81. The stock’s 50 day moving average price is $26.30 and its 200 day moving average price is $24.53.

Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. On average, analysts predict that Huntsman Corporation will post $2.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is currently 28.41%.

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A number of research analysts recently weighed in on the company. KeyCorp raised Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Monday, July 24th. BidaskClub downgraded Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine raised Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $29.00 price objective on shares of Huntsman Corporation in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $29.00.

In related news, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the transaction, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Randy W. Wright sold 32,962 shares of Huntsman Corporation stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the transaction, the vice president now owns 69,148 shares in the company, valued at approximately $1,780,561. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.

Huntsman Corporation Company Profile

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

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