AQR Capital Management LLC Acquires 1,124,113 Shares of Huntsman Co. (NYSE:HUN)

AQR Capital Management LLC grew its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 383.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,417,641 shares of the basic materials company's stock after acquiring an additional 1,124,113 shares during the quarter. AQR Capital Management LLC owned 0.82% of Huntsman worth $32,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUN. Marshall Wace LLP boosted its holdings in shares of Huntsman by 45.0% in the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company's stock valued at $27,634,000 after buying an additional 376,423 shares during the last quarter. Bank of Montreal Can lifted its stake in Huntsman by 21.4% in the second quarter. Bank of Montreal Can now owns 39,333 shares of the basic materials company's stock valued at $901,000 after acquiring an additional 6,930 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of 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 purchasing an additional 1,547,344 shares during the period. Sei Investments Co. raised its holdings in shares of Huntsman by 25.3% in the 2nd quarter. Sei Investments Co. now owns 416,909 shares of the basic materials company's stock valued at $9,493,000 after purchasing an additional 84,273 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in Huntsman by 203.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 462,100 shares of the basic materials company's stock valued at $10,522,000 after purchasing an additional 309,700 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Trading Down 1.5 %

Huntsman stock traded down $0.37 during trading hours on Monday, hitting $24.19. The stock had a trading volume of 1,963,966 shares, compared to its average volume of 1,933,966. The business's 50 day simple moving average is $22.05 and its 200-day simple moving average is $23.44. Huntsman Co. has a one year low of $19.91 and a one year high of $27.01. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of -46.51 and a beta of 1.00. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts' consensus estimates 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 negative net margin of 1.44% and a positive return on equity of 0.26%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, equities analysts predict that Huntsman Co. will post 0.2 EPS for the current fiscal year.

Huntsman Announces Dividend

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Friday, September 13th. Huntsman's dividend payout ratio is presently -192.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HUN shares. Citigroup dropped their price objective on Huntsman from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, June 27th. JPMorgan Chase & Co. decreased their target price on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. UBS Group reduced their target price on shares of Huntsman from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada dropped their price target on shares of Huntsman from $30.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. One investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.56.

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.