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.
Check Out Our Latest Analysis on Huntsman
About Huntsman
(
Free Report)
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.
Featured Articles
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.