American Century Companies Inc. Has $1.62 Million Position in Huntsman Co. (NYSE:HUN)

American Century Companies Inc. trimmed its position in Huntsman Co. (NYSE:HUN) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,208 shares of the basic materials company’s stock after selling 3,260 shares during the quarter. American Century Companies Inc.’s holdings in Huntsman were worth $1,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC raised its stake in Huntsman by 9,699.1% during the second quarter. Headlands Technologies LLC now owns 10,387 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 10,281 shares in the last quarter. Quest Partners LLC boosted its position in Huntsman by 333.8% in the second quarter. Quest Partners LLC now owns 35,792 shares of the basic materials company’s stock valued at $815,000 after buying an additional 27,542 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Huntsman by 97.2% during the second quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock worth $9,403,000 after buying an additional 203,662 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Huntsman during the second quarter worth $559,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Huntsman by 52.4% in 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 acquiring an additional 811,099 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Huntsman Price Performance

Shares of HUN stock opened at $24.55 on Monday. 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 firm has a market cap of $4.25 billion, a P/E ratio of -47.21 and a beta of 1.00. The business’s 50 day moving average price is $22.03 and its 200-day moving average price is $23.44. Huntsman Co. has a fifty-two week low of $19.91 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company earned $0.22 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Huntsman Co. will post 0.2 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Huntsman’s payout ratio is -192.31%.

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.