Victory Capital Management Inc. Lowers Position in Huntsman Co. (NYSE:HUN)

Victory Capital Management Inc. trimmed its stake in Huntsman Co. (NYSE:HUN - Free Report) by 11.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,087,533 shares of the basic materials company's stock after selling 270,857 shares during the period. Victory Capital Management Inc. owned about 1.21% of Huntsman worth $50,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Huntsman by 24.4% in the 1st quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company's stock valued at $17,327,000 after acquiring an additional 130,614 shares during the period. Diversified Trust Co purchased a new stake in Huntsman during the 2nd quarter worth approximately $2,180,000. Acadian Asset Management LLC increased its stake in Huntsman by 1,052.7% during the 1st quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company's stock worth $5,449,000 after buying an additional 191,272 shares during the period. 1832 Asset Management L.P. increased its stake in Huntsman by 753.2% during 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 buying an additional 2,531,800 shares during the period. Finally, AQR Capital Management LLC increased its stake in Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after buying an additional 1,124,113 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price 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. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.75.

Huntsman Price Performance

Huntsman stock traded up $0.18 during trading hours on Friday, reaching $19.47. 931,831 shares of the stock were exchanged, compared to its average volume of 1,908,701. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman Co. has a 52-week low of $19.14 and a 52-week high of $27.01. The firm's 50 day moving average is $22.50 and its 200 day moving average is $22.88.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. On average, equities analysts forecast that Huntsman Co. will post 0.11 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.14%. Huntsman's dividend payout ratio (DPR) is presently -144.93%.

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.