Rhumbline Advisers Sells 1,540 Shares of Huntsman Co. (NYSE:HUN)

Rhumbline Advisers lessened its holdings in Huntsman Co. (NYSE:HUN) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,112 shares of the basic materials company’s stock after selling 1,540 shares during the period. Rhumbline Advisers owned 0.10% of Huntsman worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 521 shares during the period. Fidelis Capital Partners LLC bought a new stake in Huntsman in the 1st quarter valued at $45,000. Quarry LP bought a new stake in Huntsman in the 4th quarter valued at $52,000. GAMMA Investing LLC raised its stake in Huntsman by 44.0% in the 1st quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 646 shares during the period. Finally, nVerses Capital LLC raised its stake in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Huntsman stock opened at $21.96 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.80 billion, a PE ratio of -42.22 and a beta of 1.00. Huntsman Co. has a 12 month low of $19.91 and a 12 month high of $27.01. The stock has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $23.65.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Analysts expect that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.55%. Huntsman’s dividend payout ratio (DPR) is -192.31%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HUN. Wells Fargo & Company dropped their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada decreased their price objective on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. UBS Group decreased their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Finally, Citigroup decreased their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Huntsman currently has an average rating of “Hold” and an average target price of $25.56.

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.