Acadian Asset Management LLC Purchases 82,382 Shares of Huntsman Corporation $HUN

Key Points

• Acadian Asset Management LLC has increased its stake in Huntsman Corporation by 87.6%, now owning approximately $2.78 million worth of shares.
• Huntsman has received mixed ratings from analysts, with several price target adjustments bringing a consensus rating of "Hold" and an average target price of $12.05.
• The company plans to issue a quarterly dividend of $0.25, representing a 9.6% yield, with the payout ratio currently at -51.28%.

Acadian Asset Management LLC boosted its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 87.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,402 shares of the basic materials company's stock after purchasing an additional 82,382 shares during the period. Acadian Asset Management LLC owned 0.10% of Huntsman worth $2,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its position in shares of Huntsman by 177.9% in the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after buying an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock worth $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Huntsman during the 1st quarter worth about $53,000. Strengthening Families & Communities LLC lifted its position in shares of Huntsman by 1,966.7% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock worth $62,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,917 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

NYSE HUN traded down $0.42 during trading hours on Friday, reaching $9.88. 3,010,168 shares of the company's stock were exchanged, compared to its average volume of 3,955,241. The stock has a market cap of $1.72 billion, a PE ratio of -5.07 and a beta of 0.65. Huntsman Corporation has a one year low of $8.91 and a one year high of $25.12. The firm has a fifty day moving average of $10.61 and a 200-day moving average of $12.22. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 10.1%. Huntsman's dividend payout ratio is currently -51.28%.

Wall Street Analysts Forecast Growth

HUN has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. UBS Group lowered their price target on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their price target on Huntsman from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 5th. Jefferies Financial Group lowered their price target on Huntsman from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. Finally, Citigroup lowered their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Huntsman has a consensus rating of "Hold" and an average price target of $12.05.

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.