XTX Topco Ltd Increases Stock Position in Huntsman Co. (NYSE:HUN)

XTX Topco Ltd increased its position in Huntsman Co. (NYSE:HUN) by 215.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,747 shares of the basic materials company’s stock after acquiring an additional 31,917 shares during the period. XTX Topco Ltd’s holdings in Huntsman were worth $1,064,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HUN. 1832 Asset Management L.P. raised its holdings in Huntsman by 753.2% in the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after acquiring an additional 2,531,800 shares during the last quarter. Norges Bank purchased a new stake in Huntsman during the 4th quarter valued at $43,761,000. Wellington Management Group LLP raised its stake in Huntsman by 75.9% during the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after buying an additional 1,359,437 shares during the last quarter. Victory Capital Management Inc. raised its stake in Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Huntsman by 644.0% during the 4th quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock valued at $9,516,000 after buying an additional 448,270 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Huntsman Trading Down 1.0 %

Shares of Huntsman stock opened at $22.52 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of -43.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The company has a fifty day moving average of $21.98 and a 200 day moving average of $23.55. Huntsman Co. has a fifty-two week low of $19.91 and a fifty-two week 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 for the quarter, hitting the consensus estimate 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 negative net margin of 1.44% and a positive return on equity of 0.26%. Huntsman’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, sell-side analysts anticipate that Huntsman Co. will post 0.2 earnings per share for the current fiscal year.

Huntsman Announces Dividend

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

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.