Wellington Management Group LLP Sells 168,559 Shares of Huntsman Co. (NYSE:HUN)

Wellington Management Group LLP cut its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,307,582 shares of the basic materials company's stock after selling 168,559 shares during the quarter. Wellington Management Group LLP owned approximately 1.90% of Huntsman worth $59,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after acquiring an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Huntsman by 6.5% during the 4th 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 purchasing an additional 349,502 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after purchasing an additional 3,578,100 shares in the last quarter. Nomura Holdings Inc. boosted its stake in shares of Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after purchasing an additional 2,135,000 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Huntsman by 2.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,138,234 shares of the basic materials company's stock valued at $56,582,000 after purchasing an additional 82,967 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Citigroup dropped their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. UBS Group lowered their price objective on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen lowered shares of Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Huntsman currently has an average rating of "Hold" and an average target price of $15.00.

Huntsman Trading Down 1.0%

NYSE HUN traded down $0.12 on Monday, hitting $11.03. 1,692,463 shares of the stock were exchanged, compared to its average volume of 2,647,304. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a fifty day moving average price of $13.00 and a two-hundred day moving average price of $16.12. The firm has a market capitalization of $1.92 billion, a P/E ratio of -10.04 and a beta of 0.82. Huntsman Co. has a 52-week low of $10.89 and a 52-week high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Huntsman's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. Research analysts forecast that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.07%. Huntsman's dividend payout ratio (DPR) is -109.89%.

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.