Raymond James Financial Inc. Acquires Shares of 303,649 Huntsman Co. (NYSE:HUN)

Raymond James Financial Inc. bought a new stake in shares of Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 303,649 shares of the basic materials company's stock, valued at approximately $5,475,000. Raymond James Financial Inc. owned approximately 0.18% of Huntsman as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUN. Charles Schwab Investment Management Inc. boosted its stake in Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after buying an additional 349,502 shares during the period. State Street Corp grew its holdings in shares of Huntsman by 2.2% during the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock worth $79,905,000 after purchasing an additional 70,382 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Huntsman by 1.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company's stock worth $73,937,000 after purchasing an additional 31,883 shares during the last quarter. Geode Capital Management LLC raised its stake in Huntsman by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company's stock valued at $62,538,000 after purchasing an additional 40,330 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Huntsman by 35.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock valued at $24,825,000 after purchasing an additional 357,136 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several analysts have recently weighed in on HUN shares. Royal Bank of Canada raised their price objective on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Morgan Stanley dropped their target price on Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Mizuho cut their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.25.

Huntsman Trading Down 2.3 %

Shares of NYSE HUN traded down $0.38 during mid-day trading on Friday, hitting $15.83. The stock had a trading volume of 3,458,244 shares, compared to its average volume of 2,200,011. The firm has a market cap of $2.75 billion, a P/E ratio of -14.39 and a beta of 0.95. The business has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $19.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman Co. has a 1 year low of $15.46 and a 1 year high of $26.48.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. On average, equities analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 6.32%. Huntsman's payout ratio is -90.91%.

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.