Algert Global LLC acquired a new position in Huntsman Corporation (NYSE:HUN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 131,990 shares of the basic materials company's stock, valued at approximately $1,402,000. Algert Global LLC owned about 0.08% of Huntsman at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Huntsman during the second quarter valued at about $193,750,000. Vanguard Group Inc. increased its holdings in shares of Huntsman by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company's stock worth $178,809,000 after purchasing an additional 1,523,590 shares during the period. AQR Capital Management LLC raised its position in shares of Huntsman by 29.8% during the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company's stock valued at $106,878,000 after buying an additional 2,772,563 shares during the last quarter. UBS Group AG lifted its stake in shares of Huntsman by 83.5% in the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company's stock valued at $66,131,000 after buying an additional 3,351,265 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Huntsman by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company's stock worth $69,697,000 after purchasing an additional 336,966 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on HUN. The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a report on Thursday, July 16th. Citigroup increased their target price on Huntsman from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Weiss Ratings downgraded Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, August 3rd. Mizuho decreased their price target on Huntsman from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded Huntsman from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Huntsman presently has a consensus rating of "Hold" and a consensus target price of $12.50.
Check Out Our Latest Stock Report on Huntsman
Insider Transactions at Huntsman
In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of Huntsman stock in a transaction dated Monday, August 3rd. The shares were bought at an average price of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares of the company's stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.80% of the company's stock.
Huntsman Trading Down 1.7%
Shares of HUN opened at $9.49 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -9.12 and a beta of 0.70. The stock has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $12.53. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $16.08.
Huntsman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman's dividend payout ratio is -33.65%.
Huntsman Profile
(
Free Report)
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.
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