Bares Capital Management Inc. Has $445,000 Position in Element Solutions Inc (NYSE:ESI)

Bares Capital Management Inc. trimmed its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 97.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,389 shares of the company's stock after selling 625,000 shares during the period. Element Solutions accounts for about 0.0% of Bares Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Bares Capital Management Inc.'s holdings in Element Solutions were worth $445,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of Element Solutions by 0.9% in the third quarter. US Bancorp DE now owns 46,005 shares of the company's stock worth $1,249,000 after acquiring an additional 417 shares during the last quarter. Signaturefd LLC increased its stake in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after buying an additional 448 shares during the last quarter. Equitable Trust Co. increased its stake in shares of Element Solutions by 2.2% in the third quarter. Equitable Trust Co. now owns 33,527 shares of the company's stock worth $911,000 after buying an additional 733 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Element Solutions by 7.5% in the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock worth $309,000 after purchasing an additional 798 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Trading Down 1.4 %

NYSE ESI traded down $0.40 on Tuesday, hitting $27.37. 901,660 shares of the company were exchanged, compared to its average volume of 1,356,470. The company's 50 day moving average price is $27.30 and its 200-day moving average price is $26.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The firm has a market capitalization of $6.63 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. Element Solutions Inc has a twelve month low of $20.74 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. During the same quarter in the previous year, the company earned $0.36 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.17%. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ESI shares. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. BMO Capital Markets lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a research note on Monday, October 14th. Barclays lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.00.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.