Voya Investment Management LLC Has $322,000 Stock Holdings in Huntsman Corporation $HUN

Key Points

• Voya Investment Management LLC significantly reduced its stake in Huntsman Corporation by 82.3% in the first quarter, holding 20,421 shares valued at $322,000 after selling 95,255 shares.
• Huntsman recently announced a quarterly dividend of $0.25 per share, which represents an annualized yield of 11.1%.
• Huntsman's quarterly earnings reported an EPS of ($0.20), missing analysts' expectations, with a revenue decrease of 7.4% year-over-year.

Voya Investment Management LLC decreased its stake in Huntsman Corporation (NYSE:HUN - Free Report) by 82.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,421 shares of the basic materials company's stock after selling 95,255 shares during the period. Voya Investment Management LLC's holdings in Huntsman were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Impala Asset Management LLC acquired a new stake in shares of Huntsman in the first quarter valued at about $5,450,000. Acadian Asset Management LLC increased its stake in shares of Huntsman by 87.6% in the first quarter. Acadian Asset Management LLC now owns 176,402 shares of the basic materials company's stock valued at $2,783,000 after buying an additional 82,382 shares during the period. Focus Partners Wealth acquired a new stake in shares of Huntsman in the first quarter valued at about $680,000. Bayforest Capital Ltd acquired a new stake in shares of Huntsman in the first quarter valued at about $196,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company's stock valued at $9,463,000 after buying an additional 1,581 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Trading Up 1.0%

Shares of Huntsman stock opened at $8.98 on Monday. 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 $8.82 and a 52 week high of $25.12. The stock has a 50 day moving average price of $10.38 and a two-hundred day moving average price of $11.83. The stock has a market capitalization of $1.56 billion, a PE ratio of -4.61 and a beta of 0.64.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) EPS 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 firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business posted $0.14 EPS. The company's revenue was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is -51.28%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUN. Wells Fargo & Company decreased their price target on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 5th. Mizuho reaffirmed an "underperform" rating and set a $9.00 target price (down previously from $11.00) on shares of Huntsman in a research note on Friday, September 12th. Royal Bank Of Canada decreased their target price on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. UBS Group decreased their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group decreased their target price on Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Huntsman has an average rating of "Hold" and an average target price of $12.05.

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.

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