BNP Paribas Financial Markets Has $11.83 Million Stake in Huntsman Corporation $HUN

BNP Paribas Financial Markets boosted its holdings in Huntsman Corporation (NYSE:HUN) by 236.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,182,590 shares of the basic materials company’s stock after purchasing an additional 830,828 shares during the quarter. BNP Paribas Financial Markets’ holdings in Huntsman were worth $11,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUN. Oppenheimer & Co. Inc. boosted its stake in shares of Huntsman by 2.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company’s stock worth $446,000 after buying an additional 1,225 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of Huntsman by 8.9% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 16,335 shares of the basic materials company’s stock valued at $163,000 after acquiring an additional 1,332 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after acquiring an additional 1,581 shares during the last quarter. AMG National Trust Bank raised its holdings in Huntsman by 1.1% during the third quarter. AMG National Trust Bank now owns 162,513 shares of the basic materials company’s stock worth $1,459,000 after acquiring an additional 1,769 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Huntsman by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock valued at $800,000 after purchasing an additional 2,008 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HUN shares. Citigroup raised their price target on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley increased their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut shares of Huntsman from an “overweight” rating to a “neutral” rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, February 19th. Mizuho increased their price target on shares of Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $13.17.

Huntsman Stock Performance

HUN opened at $14.17 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. The business has a fifty day simple moving average of $13.95 and a 200 day simple moving average of $12.24. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $15.90. The company has a market capitalization of $2.49 billion, a PE ratio of -7.38 and a beta of 0.64.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned ($0.11) EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts expect that Huntsman Corporation will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is currently -18.23%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.