Trexquant Investment LP Has $1.78 Million Stock Position in Element Solutions Inc (NYSE:ESI)

Trexquant Investment LP decreased its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,173 shares of the company's stock after selling 156,906 shares during the period. Trexquant Investment LP's holdings in Element Solutions were worth $1,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Element Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock valued at $90,456,000 after acquiring an additional 14,339 shares during the period. National Bank of Canada FI bought a new stake in shares of Element Solutions during the fourth quarter valued at approximately $176,000. HighPoint Advisor Group LLC boosted its position in shares of Element Solutions by 10.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 12,486 shares of the company's stock worth $322,000 after buying an additional 1,229 shares during the period. Franklin Resources Inc. grew its holdings in Element Solutions by 56.2% in the 4th quarter. Franklin Resources Inc. now owns 62,348 shares of the company's stock worth $1,586,000 after buying an additional 22,440 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Element Solutions by 11.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,140 shares of the company's stock valued at $843,000 after acquiring an additional 3,271 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

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Element Solutions Stock Up 4.3 %

NYSE:ESI traded up $0.79 during trading hours on Monday, hitting $19.04. 345,392 shares of the company's stock traded hands, compared to its average volume of 1,807,254. The stock's fifty day moving average price is $24.18 and its two-hundred day moving average price is $25.78. The firm has a market cap of $4.62 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio (DPR) is presently 31.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ESI. KeyCorp cut their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America reiterated a "neutral" rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.38.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is currently owned by company insiders.

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.