Wellington Management Group LLP Cuts Stake in Huntsman Co. (NYSE:HUN)

Wellington Management Group LLP lessened its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,307,582 shares of the basic materials company's stock after selling 168,559 shares during the period. Wellington Management Group LLP owned approximately 1.90% of Huntsman worth $59,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HUN. R Squared Ltd bought a new stake in shares of Huntsman during the fourth quarter worth approximately $40,000. Quadrant Capital Group LLC boosted its stake in shares of Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after buying an additional 956 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the fourth quarter valued at approximately $60,000. Quarry LP bought a new stake in Huntsman during the fourth quarter worth $65,000. Finally, Signaturefd LLC lifted its stake in Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after purchasing an additional 2,788 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

HUN has been the subject of several recent analyst reports. Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. UBS Group decreased their price target on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Morgan Stanley dropped their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Finally, Citigroup dropped their price target on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $15.00.

Huntsman Stock Performance

HUN stock traded up $0.42 during midday trading on Tuesday, reaching $11.46. 976,627 shares of the company's stock traded hands, compared to its average volume of 2,646,101. The firm has a market capitalization of $1.99 billion, a PE ratio of -10.42 and a beta of 0.82. Huntsman Co. has a 52 week low of $10.75 and a 52 week high of $25.12. The company has a 50-day moving average price of $12.89 and a two-hundred day moving average price of $16.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 8.73%. Huntsman's payout ratio is currently -109.89%.

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.