Edgestream Partners L.P. Acquires 25,741 Shares of Huntsman Co. (NYSE:HUN)

Edgestream Partners L.P. raised its holdings in Huntsman Co. (NYSE:HUN) by 78.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,526 shares of the basic materials company’s stock after buying an additional 25,741 shares during the period. Edgestream Partners L.P.’s holdings in Huntsman were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Quantbot Technologies LP lifted its stake in shares of Huntsman by 12.3% in the second quarter. Quantbot Technologies LP now owns 207,754 shares of the basic materials company’s stock valued at $4,731,000 after buying an additional 22,749 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Huntsman by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,304 shares of the basic materials company’s stock valued at $2,079,000 after buying an additional 4,521 shares during the last quarter. Headlands Technologies LLC raised its position in Huntsman by 9,699.1% in the 2nd quarter. Headlands Technologies LLC now owns 10,387 shares of the basic materials company’s stock valued at $237,000 after buying an additional 10,281 shares during the last quarter. Quest Partners LLC lifted its stake in Huntsman by 333.8% during the 2nd quarter. Quest Partners LLC now owns 35,792 shares of the basic materials company’s stock valued at $815,000 after acquiring an additional 27,542 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Huntsman by 97.2% during the 2nd quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock worth $9,403,000 after acquiring an additional 203,662 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Performance

Shares of HUN opened at $22.53 on Friday. The firm has a market cap of $3.90 billion, a PE ratio of -43.33 and a beta of 1.00. The stock’s fifty day moving average price is $21.98 and its two-hundred day moving average price is $23.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates 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 revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts forecast that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. Huntsman’s payout ratio is presently -192.31%.

Wall Street Analyst Weigh In

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

Huntsman 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.