Jane Street Group LLC trimmed its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 69.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,003 shares of the company's stock after selling 121,942 shares during the quarter. Jane Street Group LLC's holdings in Element Solutions were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in ESI. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Element Solutions by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock valued at $143,458,000 after purchasing an additional 676,432 shares during the period. State Street Corp increased its position in Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company's stock valued at $117,320,000 after acquiring an additional 230,793 shares during the period. Marshall Wace LLP raised its stake in Element Solutions by 149.2% during the 2nd quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock valued at $106,698,000 after acquiring an additional 2,355,554 shares in the last quarter. Ilex Capital Partners UK LLP boosted its position in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company's stock worth $67,085,000 after acquiring an additional 1,529,607 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Element Solutions by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company's stock valued at $62,458,000 after purchasing an additional 38,859 shares during the period. Institutional investors own 92.32% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. StockNews.com raised Element Solutions from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays increased their price target on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised Element Solutions to a "strong-buy" rating in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $31.40.
Check Out Our Latest Stock Analysis on ESI
Element Solutions Price Performance
Shares of NYSE ESI traded down $0.24 during mid-day trading on Friday, reaching $25.60. The company had a trading volume of 785,585 shares, compared to its average volume of 1,350,753. Element Solutions Inc has a 1-year low of $21.42 and a 1-year high of $29.78. The stock has a market cap of $6.20 billion, a PE ratio of 23.06, a P/E/G ratio of 1.51 and a beta of 1.28. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $27.41 and a two-hundred day moving average price of $26.66.
Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $626.52 million. During the same quarter last year, the business posted $0.36 EPS. Element Solutions's revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Element Solutions Inc will post 1.44 earnings per share for the current year.
Element Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions's dividend payout ratio is 28.83%.
Element Solutions Profile
(
Free Report)
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.
Featured Stories
Before you consider Element Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Element Solutions wasn't on the list.
While Element Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
