Fmr LLC Decreases Stake in Element Solutions Inc (NYSE:ESI)

FMR LLC reduced its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 16.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,085,704 shares of the company's stock after selling 3,718,148 shares during the period. FMR LLC owned 7.88% of Element Solutions worth $518,368,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC lifted its stake in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after buying an additional 3,212 shares in the last quarter. LRI Investments LLC bought a new position in Element Solutions in the 1st quarter worth $78,000. Finally, Signaturefd LLC increased its stake in Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after buying an additional 448 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Trading Up 0.7 %

Element Solutions stock traded up $0.21 during midday trading on Friday, reaching $28.68. The stock had a trading volume of 800,922 shares, compared to its average volume of 1,368,947. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. Element Solutions Inc has a 52-week low of $20.31 and a 52-week high of $29.78. The company has a fifty day moving average of $27.13 and a 200 day moving average of $26.27.

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

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. Element Solutions's payout ratio is presently 28.83%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ESI. Seaport Res Ptn upgraded 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. Barclays increased their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 2nd. Two equities 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 stock. According to data from MarketBeat.com, Element Solutions currently has an average rating of "Moderate Buy" and an average target price 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.