Raymond James Financial Inc. Has $6.74 Million Position in Huntsman Corporation $HUN

Raymond James Financial Inc. grew its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 40.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 426,718 shares of the basic materials company's stock after acquiring an additional 123,069 shares during the period. Raymond James Financial Inc. owned about 0.25% of Huntsman worth $6,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Huntsman by 253.8% in the 1st quarter. American Century Companies Inc. now owns 228,664 shares of the basic materials company's stock worth $3,611,000 after buying an additional 164,032 shares during the last quarter. Boston Partners lifted its holdings in shares of Huntsman by 3.0% during the 1st quarter. Boston Partners now owns 129,631 shares of the basic materials company's stock valued at $2,047,000 after buying an additional 3,826 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after buying an additional 3,075 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Huntsman by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,424,562 shares of the basic materials company's stock valued at $22,494,000 after buying an additional 154,219 shares during the period. Finally, Nuveen LLC bought a new position in shares of Huntsman during the 1st quarter valued at $13,181,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. Citigroup cut their price objective on Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Wells Fargo & Company cut their price objective on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. Mizuho cut their price objective on Huntsman from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Finally, UBS Group cut their price objective on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.06.

Huntsman Price Performance

HUN stock traded up $0.16 during trading on Friday, reaching $11.19. 4,356,271 shares of the company were exchanged, compared to its average volume of 3,931,839. The stock's 50 day moving average price is $10.66 and its 200 day moving average price is $12.67. The company has a market cap of $1.94 billion, a P/E ratio of -5.74 and a beta of 0.65. Huntsman Corporation has a 52-week low of $8.91 and a 52-week high of $25.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the business earned $0.14 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Monday, September 15th. Huntsman's payout ratio is -51.28%.

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.