Wellington Management Group LLP Reduces Holdings in Huntsman Corporation $HUN

Wellington Management Group LLP trimmed its stake in shares of Huntsman Corporation (NYSE:HUN) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,687,370 shares of the basic materials company’s stock after selling 153,806 shares during the quarter. Wellington Management Group LLP’s holdings in Huntsman were worth $17,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Huntsman in the second quarter valued at approximately $193,750,000. Vanguard Group Inc. grew its holdings in shares of Huntsman by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after purchasing an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Huntsman by 29.8% in the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after purchasing an additional 2,772,563 shares during the last quarter. UBS Group AG increased its stake in shares of Huntsman by 83.5% in the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after buying an additional 3,351,265 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Huntsman by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company’s stock valued at $69,697,000 after buying an additional 336,966 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntsman

In related news, CEO Peter R. Huntsman acquired 100,000 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HUN. Wells Fargo & Company cut their price target on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada dropped their target price on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Huntsman in a research note on Thursday, August 20th. Mizuho lowered their price target on Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Finally, UBS Group dropped their price objective on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Huntsman Price Performance

Shares of NYSE HUN opened at $9.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08. The firm has a market capitalization of $1.69 billion, a PE ratio of -9.25 and a beta of 0.70. The firm has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $12.39.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio is presently -33.65%.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.