Allianz Asset Management GmbH Has $6.68 Million Stake in Huntsman Corporation $HUN

Allianz Asset Management GmbH boosted its position in shares of Huntsman Corporation (NYSE:HUN) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,650 shares of the basic materials company’s stock after acquiring an additional 80,364 shares during the period. Allianz Asset Management GmbH owned 0.37% of Huntsman worth $6,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Huntsman by 898.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company’s stock worth $2,640,000 after acquiring an additional 150,461 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Huntsman by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company’s stock worth $2,096,000 after acquiring an additional 14,812 shares during the last quarter. Twelve Points Wealth Management LLC lifted its position in Huntsman by 51.0% during the 1st quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company’s stock worth $1,826,000 after acquiring an additional 39,035 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Huntsman by 72.0% during the 1st quarter. Teacher Retirement System of Texas now owns 63,424 shares of the basic materials company’s stock worth $1,001,000 after acquiring an additional 26,551 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Huntsman by 1.3% during the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock worth $95,751,000 after acquiring an additional 75,097 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

NYSE:HUN opened at $8.16 on Thursday. Huntsman Corporation has a 12-month low of $7.74 and a 12-month high of $23.03. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.42 billion, a PE ratio of -4.18 and a beta of 0.64. The firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $10.97.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.14 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend was Monday, September 15th. Huntsman’s dividend payout ratio is -51.28%.

Analyst Ratings Changes

A number of brokerages have recently commented on HUN. UBS Group cut their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Citigroup cut their price objective on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company cut their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. The Goldman Sachs Group cut their price objective on shares of Huntsman from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Finally, Mizuho cut their price objective on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Huntsman has a consensus rating of “Reduce” and an average price target of $10.90.

Huntsman 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.