Wellington Management Group LLP Sells 94,757 Shares of Huntsman Co. (NYSE:HUN)

Wellington Management Group LLP lowered its position in Huntsman Co. (NYSE:HUN - Free Report) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,476,141 shares of the basic materials company's stock after selling 94,757 shares during the quarter. Wellington Management Group LLP owned approximately 2.01% of Huntsman worth $84,123,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. 1832 Asset Management L.P. raised its holdings in shares of Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock valued at $100,536,000 after purchasing an additional 1,547,344 shares in the last quarter. AQR Capital Management LLC raised its holdings in Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock valued at $32,138,000 after buying an additional 1,124,113 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Huntsman in the third quarter worth about $27,045,000. Victory Capital Management Inc. boosted its stake in shares of Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock worth $53,701,000 after acquiring an additional 811,099 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Huntsman by 295.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company's stock valued at $17,496,000 after acquiring an additional 539,990 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Performance

NYSE:HUN traded down $0.30 during trading hours on Wednesday, hitting $19.40. 1,842,349 shares of the company traded hands, compared to its average volume of 1,931,182. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. Huntsman Co. has a twelve month low of $19.11 and a twelve month high of $27.01. The firm has a 50-day moving average of $21.43 and a 200 day moving average of $22.21. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -28.56 and a beta of 0.97.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts forecast that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio is presently -144.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HUN shares. Wells Fargo & Company decreased their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. UBS Group decreased their price objective on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their target price on shares of Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $25.75.

Insider Activity at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by corporate insiders.

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.