Dimensional Fund Advisors LP Sells 99,234 Shares of Huntsman Corporation $HUN

Key Points

• Dimensional Fund Advisors LP reduced its stake in Huntsman Corporation by 1.0%, owning approximately 5.56% of the company worth $152.6 million after selling 99,234 shares.
• Several large investors increased their stakes in Huntsman, with NewEdge Advisors LLC leading with a 324.1% increase during the fourth quarter.
• Huntsman reported a negative earnings per share of ($0.20) for the last quarter, missing estimates and reflecting a 7.4% decrease in year-over-year revenue.

Dimensional Fund Advisors LP cut its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,666,485 shares of the basic materials company's stock after selling 99,234 shares during the period. Dimensional Fund Advisors LP owned approximately 5.56% of Huntsman worth $152,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HUN. Hexagon Capital Partners LLC lifted its position in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after buying an additional 1,395 shares in 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 valued at $51,000 after buying an additional 3,075 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Huntsman during the 1st quarter valued at 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 valued at $62,000 after buying an additional 3,717 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in 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 valued at $64,000 after purchasing an additional 3,917 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HUN shares. Morgan Stanley decreased their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Citigroup decreased their target price on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price 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. Mizuho decreased their target price on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Finally, UBS Group decreased their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average price target of $12.06.

Huntsman Price Performance

NYSE:HUN traded down $0.1150 during trading hours on Monday, reaching $10.8550. The stock had a trading volume of 1,437,820 shares, compared to its average volume of 3,917,601. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman Corporation has a 52 week low of $8.91 and a 52 week high of $25.12. The company has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $12.98. The stock has a market capitalization of $1.89 billion, a PE ratio of -5.56 and a beta of 0.70.

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

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given 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 dividend yield of 9.2%. 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.