Charles Schwab Investment Management Inc. Sells 261,528 Shares of Huntsman Co. (NYSE:HUN)

Charles Schwab Investment Management Inc. cut its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,337,055 shares of the basic materials company's stock after selling 261,528 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.09% of Huntsman worth $129,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its position in Huntsman by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock valued at $100,536,000 after acquiring an additional 1,547,344 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock valued at $32,138,000 after purchasing an additional 1,124,113 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Huntsman in the third quarter valued at about $27,045,000. Victory Capital Management Inc. boosted its position in shares of Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock worth $53,701,000 after buying an additional 811,099 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Huntsman by 45.0% during the second quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company's stock worth $27,634,000 after buying an additional 376,423 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Performance

Shares of Huntsman stock traded down $0.52 during trading on Tuesday, hitting $19.43. 1,572,104 shares of the stock were exchanged, compared to its average volume of 1,908,247. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -28.19 and a beta of 1.02. The company has a fifty day moving average price of $22.21 and a 200-day moving average price of $22.61. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.15%. Huntsman's dividend payout ratio (DPR) is -144.93%.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

HUN has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. UBS Group reduced their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada increased their price objective on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.75.

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.