Hsbc Holdings PLC Raises Holdings in Huntsman Corporation $HUN

Hsbc Holdings PLC boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 264.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 574,395 shares of the basic materials company’s stock after buying an additional 416,613 shares during the quarter. Hsbc Holdings PLC’s holdings in Huntsman were worth $7,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. Daiwa Securities Group Inc. grew its holdings in shares of Huntsman by 8.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,863 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 1,099 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Huntsman by 2.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company’s stock valued at $446,000 after buying an additional 1,225 shares during the period. Guggenheim Capital LLC lifted its position in Huntsman by 2.9% in the fourth quarter. Guggenheim Capital LLC now owns 43,022 shares of the basic materials company’s stock valued at $430,000 after buying an additional 1,226 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in Huntsman by 8.9% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 16,335 shares of the basic materials company’s stock worth $163,000 after buying an additional 1,332 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Huntsman by 0.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,566 shares of the basic materials company’s stock worth $4,776,000 after buying an additional 1,372 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

HUN has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on shares of Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price objective on shares of Huntsman in a research report on Tuesday, May 19th. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley upped their price target on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.67.

Huntsman Trading Down 3.1%

NYSE HUN opened at $12.81 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -6.67 and a beta of 0.69. The firm has a 50 day simple moving average of $12.94 and a 200-day simple moving average of $12.79. Huntsman Corporation has a one year low of $7.30 and a one year high of $16.08.

Huntsman (NYSE:HUN) last announced its earnings results 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. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Equities research analysts anticipate that Huntsman Corporation will post -0.21 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is presently -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.