Janney Montgomery Scott LLC Increases Investment in Huntsman Corporation
August 9, 2023
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Janney Montgomery Scott LLC recently increased their investment in Huntsman Corporation ($NYSE:HUN), the international manufacturer of chemical products for a variety of industries. This was reported by Defense World, a news outlet for the defense industry. They manufacture a wide range of products for industries such as automotive, aerospace, agriculture, and healthcare. Huntsman Corporation also produces specialty chemicals for the oil and gas industry, as well as catalysts and other additives.
Huntsman Corporation’s share price has been steadily increasing in recent months, leading to Janney Montgomery Scott LLC’s decision to increase their investment in the company. This decision comes as the company continues its expansion and development in new markets. With this increased investment, Huntsman Corporation is poised to become an even more formidable force in the global chemical industry.
Stock Price
This comes as Huntsman stock opened at $28.8 and closed at $28.4, a decrease of 0.7% from the previous closing price of 28.6. Nevertheless, Janney Montgomery Scott chose to increase their investment in Huntsman Corporation despite the stock’s dip, suggesting the company is still seen to have potential for growth. Whether this investment will result in an upswing is yet to be seen, but the increase by Janney Montgomery Scott is a positive indicator for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Huntsman Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.47k | 181 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Huntsman Corporation. More…
| Operations | Investing | Financing |
| 675 | -279 | -849 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Huntsman Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.55k | 3.71k | 19.95 |
Key Ratios Snapshot
Some of the financial key ratios for Huntsman Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | 14.2% | 4.1% |
| FCF Margin | ROE | ROA |
| 6.5% | 4.5% | 2.2% |
Analysis
GoodWhale recently conducted an analysis of HUNTSMAN CORPORATION‘s fundamentals and based on our Star Chart, it scored strong in dividend, medium in asset, profitability and weak in growth. This led us to classify HUNTSMAN CORPORATION as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. Considering an investor’s perspective, this type of company would appeal to investors who are looking for a steady income from their investments. In addition, HUNTSMAN CORPORATION also received a high health score of 9/10, indicating its capability to sustain future operations in times of crisis. This is because of its strong cashflows and debt management. All in all, HUNTSMAN CORPORATION is a great option for investors who are looking for a steady return on their investments with minimal risk. More…
Peers
They operate in four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. Huntsman Corp’s competitors include Univar Solutions Inc, Solvay SA, Braskem SA.
– Univar Solutions Inc ($NYSE:UNVR)
Univar Solutions Inc is a chemical and ingredient distributor with a market cap of 4.58B as of 2022. The company has a return on equity of 23.02%. Univar Solutions Inc distributes chemicals and ingredients to customers in a variety of industries including oil & gas, food & beverage, pharmaceuticals, personal care, and more. The company has a network of over 200 distribution facilities in North America, Europe, Asia Pacific, and Latin America.
– Solvay SA ($OTCPK:SLVYY)
Solvay SA is a Belgian chemical company with a market cap of 9.61B as of 2022. The company has a Return on Equity of 13.2%. Solvay SA produces a wide range of chemicals, plastics, and performance materials. The company’s products are used in a variety of industries, including automotive, aerospace, electronics, construction, and healthcare. Solvay SA has a strong market position and is well-positioned to continue growing its business.
– Braskem SA ($NYSE:BAK)
Braskem SA is one of the world’s largest petrochemical companies, with a market capitalization of over $5 billion. The company produces a wide range of chemicals and plastics, and has a strong presence in Brazil and other Latin American countries. Braskem’s return on equity is an impressive 65.49%, indicating that the company is generate significant profits for its shareholders. The company is well-positioned to continue its growth in the coming years.
Summary
Huntsman Corporation has seen an increase in its stock holdings by Janney Montgomery Scott LLC, a global full-service brokerage firm. This demonstrates a strong vote of confidence in the company and its prospects. Overall, a strong balance sheet and attractive valuation metrics make HUNTSMAN CORPORATION an attractive investment for investors looking for income and capital appreciation.
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