King Luther Capital Management Corp Has $236,000 Stock Holdings in Element Solutions Inc (NYSE:ESI)

King Luther Capital Management Corp reduced its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 76.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,685 shares of the company's stock after selling 28,025 shares during the period. King Luther Capital Management Corp's holdings in Element Solutions were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in Element Solutions by 15.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 971,492 shares of the company's stock worth $26,347,000 after acquiring an additional 127,414 shares during the period. Seven Eight Capital LP bought a new position in Element Solutions during the 2nd quarter worth $1,109,000. Hsbc Holdings PLC increased its stake in Element Solutions by 455.9% during the 2nd quarter. Hsbc Holdings PLC now owns 49,976 shares of the company's stock worth $1,353,000 after acquiring an additional 40,986 shares during the period. Quantbot Technologies LP bought a new position in Element Solutions during the 2nd quarter worth $3,350,000. Finally, WINTON GROUP Ltd bought a new position in Element Solutions during the 2nd quarter worth $280,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ESI shares. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. BMO Capital Markets reiterated an "outperform" rating and issued a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. UBS Group lifted their price target on Element Solutions from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, June 24th. Mizuho lifted their price target on Element Solutions from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group lifted their price target on Element Solutions from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Price Performance

ESI stock traded up $0.42 during midday trading on Tuesday, reaching $26.13. 958,564 shares of the stock were exchanged, compared to its average volume of 1,355,644. The stock has a market capitalization of $6.33 billion, a PE ratio of 48.39, a P/E/G ratio of 1.38 and a beta of 1.29. Element Solutions Inc has a 52 week low of $17.57 and a 52 week high of $28.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The company has a fifty day moving average price of $25.88 and a 200 day moving average price of $25.30.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. As a group, analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, August 30th. Element Solutions's payout ratio is presently 59.26%.

Element Solutions 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.