Amundi Takes $3.41 Million Position in Huntsman Corporation $HUN

Key Points

• Amundi has invested $3.41 million in Huntsman Corporation, acquiring 216,124 shares, which represents about 0.12% of the company's stock as of the latest filing.
• Huntsman's recent quarterly earnings missed expectations, reporting a loss of ($0.20) per share and a revenue of $1.46 billion, down 7.4% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, resulting in a 9.0% annualized yield for shareholders.

Amundi bought a new position in shares of Huntsman Corporation (NYSE:HUN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 216,124 shares of the basic materials company's stock, valued at approximately $3,413,000. Amundi owned about 0.12% of Huntsman at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HUN. Nuveen LLC acquired a new position in shares of Huntsman during the 1st quarter worth about $13,181,000. Cubist Systematic Strategies LLC boosted its position in Huntsman by 1,642.1% during the first quarter. Cubist Systematic Strategies LLC now owns 749,158 shares of the basic materials company's stock valued at $11,829,000 after purchasing an additional 706,155 shares during the last quarter. Ieq Capital LLC boosted its position in Huntsman by 732.1% during the first quarter. Ieq Capital LLC now owns 659,310 shares of the basic materials company's stock valued at $10,410,000 after purchasing an additional 580,080 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in Huntsman by 4,078.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company's stock valued at $9,015,000 after purchasing an additional 488,035 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Huntsman by 1,677.4% in the 1st quarter. Jump Financial LLC now owns 493,793 shares of the basic materials company's stock valued at $7,797,000 after buying an additional 466,012 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on HUN. Royal Bank Of Canada cut their price target on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Wells Fargo & Company cut their price objective on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. UBS Group cut their price objective on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group cut their price target on Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Huntsman has an average rating of "Hold" and a consensus target price of $12.05.

Huntsman Stock Performance

Shares of HUN traded down $0.59 during midday trading on Wednesday, reaching $10.32. 5,269,344 shares of the stock were exchanged, compared to its average volume of 3,882,996. Huntsman Corporation has a twelve month low of $8.91 and a twelve month high of $25.12. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The stock's 50 day simple moving average is $10.64 and its 200 day simple moving average is $12.26. The company has a market cap of $1.79 billion, a P/E ratio of -5.29 and a beta of 0.65.

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

Huntsman Dividend Announcement

The business 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 9.7%. Huntsman's payout ratio is currently -51.28%.

About Huntsman

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.