Vanguard Group Inc. Boosts Holdings in Huntsman Corporation $HUN

Vanguard Group Inc. grew its holdings in shares of Huntsman Corporation (NYSE:HUN) by 9.3% during the 4th quarter, HoldingsChannel reports. The fund owned 17,880,912 shares of the basic materials company’s stock after acquiring an additional 1,523,590 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Huntsman worth $178,809,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HUN. Strategic Advocates LLC purchased a new position in shares of Huntsman during the third quarter worth approximately $27,000. Strengthening Families & Communities LLC raised its stake in shares of Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 4,124 shares in the last quarter. Bayforest Capital Ltd increased its stake in shares of Huntsman by 986.0% in the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares during the period. Advisory Services Network LLC purchased a new position in shares of Huntsman in the third quarter worth $58,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after buying an additional 3,706 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Trading Up 0.1%

Shares of HUN opened at $14.98 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $15.90. The company has a 50 day simple moving average of $12.89 and a two-hundred day simple moving average of $11.33. The firm has a market cap of $2.63 billion, a P/E ratio of -7.80 and a beta of 0.62.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue was up .7% on a year-over-year basis. On average, equities analysts expect that Huntsman Corporation will post -0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is -18.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 target price on shares of Huntsman in a research note on Friday, February 20th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $14.00 in a research note on Thursday, February 19th. Finally, Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Huntsman has an average rating of “Reduce” and an average target price of $13.00.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.