Wellington Management Group LLP Has $59.64 Million Position in Huntsman Co. (NYSE:HUN)

Wellington Management Group LLP reduced its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F 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.

Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors grew its stake in shares of Huntsman by 47.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company's stock valued at $757,000 after buying an additional 10,064 shares during the period. Quantinno Capital Management LP lifted its holdings in Huntsman by 89.4% in the 3rd quarter. Quantinno Capital Management LP now owns 19,037 shares of the basic materials company's stock worth $461,000 after buying an additional 8,988 shares in the last quarter. State Street Corp lifted its holdings in Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock worth $79,905,000 after buying an additional 70,382 shares in the last quarter. National Bank of Canada FI lifted its holdings in Huntsman by 31,987.3% in the 3rd quarter. National Bank of Canada FI now owns 96,262 shares of the basic materials company's stock worth $2,330,000 after buying an additional 95,962 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Huntsman by 19.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,599 shares of the basic materials company's stock valued at $1,007,000 after purchasing an additional 6,877 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Down 7.5 %

Shares of HUN stock traded down $1.07 on Thursday, hitting $13.19. The company's stock had a trading volume of 618,876 shares, compared to its average volume of 2,298,641. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a fifty-two week low of $11.90 and a fifty-two week high of $25.92. The firm's fifty day moving average price is $16.35 and its 200-day moving average price is $18.79. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -12.00 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Research analysts anticipate that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 7.58%. Huntsman's payout ratio is -90.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada raised their price objective on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. 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 research report on Monday. Finally, Citigroup decreased their price objective on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.00.

About Huntsman

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.