Amundi Sells 467,555 Shares of Huntsman Corporation $HUN

Key Points

• Amundi cut its Huntsman stake by 97.3% in the second quarter, selling 467,555 shares and retaining 13,090 shares valued at approximately $139,000.
• Huntsman CEO Peter Huntsman purchased 100,000 shares for about $981,000, while institutional investors collectively own 84.81% of the company.
• Analysts maintain a consensus “Hold” rating with a $12.23 target price; Huntsman shares recently opened at $9.07, and the company announced a quarterly dividend of $0.0875 per share.

Amundi reduced its stake in Huntsman Corporation (NYSE:HUN - Free Report) by 97.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,090 shares of the basic materials company's stock after selling 467,555 shares during the quarter. Amundi's holdings in Huntsman were worth $139,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HUN. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Huntsman in the 2nd quarter worth about $672,000. Wedmont Private Capital purchased a new stake in Huntsman in the 2nd quarter valued at about $121,000. AlphaGrep UK Ltd bought a new position in shares of Huntsman during the 2nd quarter worth approximately $124,000. Syon Capital LLC boosted its stake in shares of Huntsman by 18.9% in the 2nd quarter. Syon Capital LLC now owns 18,714 shares of the basic materials company's stock worth $199,000 after buying an additional 2,974 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Huntsman in the 2nd quarter worth approximately $32,000. 84.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

HUN has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Huntsman from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 1st. UBS Group lowered their target price on Huntsman from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Royal Bank Of Canada dropped their price target on Huntsman from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Monday, August 3rd. The Goldman Sachs Group set a $12.00 target price on shares of Huntsman in a report on Thursday, July 16th. Finally, Weiss Ratings cut Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.23.

Huntsman Price Performance

Shares of NYSE HUN opened at $9.07 on Friday. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. The company's 50-day moving average is $10.45 and its 200 day moving average is $12.17. The stock has a market capitalization of $1.59 billion, a P/E ratio of -8.73 and a beta of 0.70.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.9%. Huntsman's dividend payout ratio (DPR) is currently -33.65%.

Huntsman Company Profile

Huntsman Corporation NYSE: HUN is a global manufacturer of differentiated chemicals and performance materials. The company supplies products used in construction, automotive, aerospace, electronics, energy, coatings, adhesives, footwear, and other industrial and consumer applications.

Huntsman's principal offerings include polyurethane systems and polyurethane intermediates, epoxy and other advanced-materials solutions, amines, maleic anhydride, and specialty chemicals. Its materials are used to produce insulation, composites, coatings, adhesives, elastomers, and other products designed to improve durability, energy efficiency, weight, and performance.

Founded in 1970 by Jon M.

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