Schwab Charles Investment Management Inc. reduced its stake in shares of Huntsman Corporation (NYSE:HUN) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 712,858 shares of the basic materials company’s stock after selling 62,029 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.30% of Huntsman Corporation worth $18,421,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. AXA raised its holdings in shares of Huntsman Corporation by 33.9% during the 1st quarter. AXA now owns 296,100 shares of the basic materials company’s stock valued at $7,266,000 after buying an additional 75,000 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Huntsman Corporation by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares during the period. Vanguard Group Inc. raised its holdings in shares of Huntsman Corporation by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock valued at $540,948,000 after buying an additional 3,497,649 shares during the period. Amalgamated Bank raised its holdings in shares of Huntsman Corporation by 3.4% during the 1st quarter. Amalgamated Bank now owns 28,471 shares of the basic materials company’s stock valued at $699,000 after buying an additional 927 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Huntsman Corporation during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

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Several brokerages recently commented on HUN. Instinet reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday. UBS AG raised their target price on Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Nomura raised their target price on Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BidaskClub downgraded Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.33.

Shares of Huntsman Corporation (NYSE:HUN) opened at 27.66 on Friday. The firm’s 50-day moving average price is $26.42 and its 200 day moving average price is $25.20. The stock has a market capitalization of $6.64 billion, a P/E ratio of 15.68 and a beta of 2.79. Huntsman Corporation has a 12-month low of $14.75 and a 12-month high of $28.67.

Huntsman Corporation (NYSE:HUN) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Huntsman Corporation will post $2.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.80%. Huntsman Corporation’s dividend payout ratio is currently 28.41%.

In related news, VP Randy W. Wright sold 32,962 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total transaction of $848,771.50. Following the sale, the vice president now directly owns 69,148 shares in the company, valued at approximately $1,780,561. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares in the company, valued at $1,700,752.48. The disclosure for this sale can be found here. Corporate insiders own 19.00% of the company’s stock.

Huntsman Corporation Company Profile

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

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