Charles Schwab Investment Management Inc. Sells 47,730 Shares of Huntsman Co. (NYSE:HUN)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Huntsman Co. (NYSE:HUNFree Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,379,475 shares of the basic materials company’s stock after selling 47,730 shares during the period. Charles Schwab Investment Management Inc. owned about 2.51% of Huntsman worth $110,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HUN. FMR LLC raised its position in Huntsman by 2.2% during the 3rd quarter. FMR LLC now owns 8,379,307 shares of the basic materials company’s stock worth $204,455,000 after purchasing an additional 183,734 shares during the last quarter. Invesco Ltd. raised its position in shares of Huntsman by 14.6% during the third quarter. Invesco Ltd. now owns 4,372,034 shares of the basic materials company’s stock worth $106,678,000 after acquiring an additional 556,629 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Huntsman by 101.9% in the third quarter. Wellington Management Group LLP now owns 1,792,098 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 904,696 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Huntsman by 3.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,770,005 shares of the basic materials company’s stock valued at $43,188,000 after acquiring an additional 55,828 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Huntsman by 6,496.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock valued at $36,637,000 after purchasing an additional 1,435,782 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HUN shares. Royal Bank of Canada boosted their price target on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th. Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $32.00 in a report on Friday, February 23rd. The Goldman Sachs Group increased their price target on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Finally, Stifel Nicolaus lowered their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.73.

View Our Latest Research Report on HUN

Huntsman Trading Down 0.1 %

NYSE HUN opened at $24.83 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 1.55. Huntsman Co. has a 52 week low of $22.14 and a 52 week high of $29.90. The business has a 50 day moving average price of $25.07 and a 200-day moving average price of $24.73.

Huntsman (NYSE:HUNGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. Huntsman’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. On average, analysts predict that Huntsman Co. will post 0.4 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.03%. Huntsman’s dividend payout ratio (DPR) is currently -192.31%.

Huntsman Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUNFree Report).

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.