Huntsman Corporation (NYSE:HUN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Huntsman Corporation (NYSE:HUN - Free Report) by 7.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,105,566 shares of the basic materials company's stock after acquiring an additional 419,009 shares during the period. Charles Schwab Investment Management Inc. owned 3.51% of Huntsman worth $96,407,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its holdings in Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after acquiring an additional 1,395 shares during the period. Versant Capital Management Inc lifted its position in Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 3,917 shares in the last quarter. Quarry LP bought a new position in Huntsman in the 4th quarter valued at about $65,000. Parallel Advisors LLC lifted its position in shares of Huntsman by 157.8% during the 1st quarter. Parallel Advisors LLC now owns 4,687 shares of the basic materials company's stock worth $74,000 after buying an additional 2,869 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Huntsman during the 1st quarter worth approximately $164,000. 84.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HUN shares. The Goldman Sachs Group reduced their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. UBS Group lowered their price target on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Citigroup lowered their price objective on shares of Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Mizuho reduced their price target on shares of Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.06.

Huntsman Stock Performance

Huntsman stock traded down $0.18 during midday trading on Friday, reaching $10.00. 3,221,682 shares of the company traded hands, compared to its average volume of 5,612,290. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. Huntsman Corporation has a 12 month low of $8.91 and a 12 month high of $25.12. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -5.13 and a beta of 0.70. The business has a 50 day moving average of $10.71 and a two-hundred day moving average of $13.26.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the company earned $0.14 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, research analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 10.0%. Huntsman's payout ratio is currently -51.28%.

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.