Huntsman Co. (NYSE:HUN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Huntsman Co. (NYSE:HUN) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 1.91% of Huntsman worth $59,636,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in Huntsman by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after buying an additional 124,841 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock worth $102,529,000 after purchasing an additional 349,502 shares during the period. First Hawaiian Bank acquired a new position in Huntsman in the 4th quarter valued at about $569,000. Madison Investment Advisors LLC acquired a new stake in shares of Huntsman during the 4th quarter worth approximately $1,338,000. Finally, Ieq Capital LLC raised its position in shares of Huntsman by 390.7% during the 4th quarter. Ieq Capital LLC now owns 79,230 shares of the basic materials company’s stock valued at $1,429,000 after buying an additional 63,085 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Stock Down 3.7 %

Shares of NYSE:HUN opened at $13.38 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman Co. has a fifty-two week low of $12.46 and a fifty-two week high of $25.98. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.95. The firm’s 50 day moving average price is $16.76 and its 200 day moving average price is $19.09.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, equities research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.48%. The ex-dividend date was Friday, March 14th. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Analysts Set New Price Targets

A number of equities research analysts have commented on HUN shares. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Citigroup dropped their price target on shares of Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company cut their target price on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group lowered their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley decreased their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.63.

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.