Eventide Asset Management LLC Has $19.07 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Eventide Asset Management LLC lowered its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,168 shares of the company's stock after selling 99,945 shares during the quarter. Eventide Asset Management LLC owned about 0.29% of Element Solutions worth $19,071,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new position in Element Solutions during the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after buying an additional 864 shares in the last quarter. Quest Partners LLC grew its holdings in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after acquiring an additional 3,212 shares during the period. LRI Investments LLC acquired a new position in Element Solutions during the first quarter worth about $78,000. Finally, Signaturefd LLC raised its position in 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 acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Trading Up 0.7 %

NYSE ESI traded up $0.21 on Friday, hitting $28.68. 800,922 shares of the stock were exchanged, compared to its average volume of 1,368,947. The company's 50-day moving average price is $27.13 and its two-hundred day moving average price is $26.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. Element Solutions Inc has a 52-week low of $20.31 and a 52-week high of $29.78. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.57 and a beta of 1.29.

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

Element Solutions Dividend Announcement

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 1.12%. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Analyst Ratings Changes

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

About Element Solutions

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.