Dimensional Fund Advisors LP Sells 190,030 Shares of Huntsman Co. (NYSE:HUN)

Dimensional Fund Advisors LP reduced its position in Huntsman Co. (NYSE:HUN) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,985,591 shares of the basic materials company’s stock after selling 190,030 shares during the period. Dimensional Fund Advisors LP owned 5.77% of Huntsman worth $227,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Huntsman by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 91,304 shares of the basic materials company’s stock worth $2,079,000 after purchasing an additional 4,521 shares during the last quarter. Headlands Technologies LLC increased its position in Huntsman by 9,699.1% during 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 in the last quarter. Quest Partners LLC raised its stake in Huntsman by 333.8% in the second quarter. Quest Partners LLC now owns 35,792 shares of the basic materials company’s stock valued at $815,000 after buying an additional 27,542 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Huntsman by 97.2% in the second 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Huntsman during the second quarter worth about $559,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Citigroup dropped their price objective 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. Wells Fargo & Company reduced their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada dropped their price target on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group reduced their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.56.

Huntsman Stock Performance

Shares of HUN stock opened at $22.23 on Thursday. Huntsman Co. has a 52-week low of $19.91 and a 52-week high of $27.01. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.84 billion, a PE ratio of -42.74 and a beta of 1.00. The business has a 50-day simple moving average of $21.98 and a 200-day simple moving average of $23.59.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company 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%. Huntsman’s revenue for the quarter 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 analysts expect that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 4.50%. Huntsman’s dividend payout ratio is presently -192.31%.

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.