Albar Capital Ltd Sells 661,401 Shares of Element Solutions Inc (NYSE:ESI)

Albar Capital Ltd trimmed its position in Element Solutions Inc (NYSE:ESI - Free Report) by 64.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,398 shares of the company's stock after selling 661,401 shares during the quarter. Element Solutions comprises approximately 1.5% of Albar Capital Ltd's holdings, making the stock its 17th largest position. Albar Capital Ltd owned 0.15% of Element Solutions worth $9,774,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ESI. Richardson Financial Services Inc. bought a new stake in Element Solutions during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 51.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company's stock valued at $46,000 after purchasing an additional 684 shares during the period. Assetmark Inc. grew its holdings in Element Solutions by 1,585.0% in the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company's stock valued at $47,000 after buying an additional 1,902 shares during the last quarter. Quest Partners LLC increased its position in Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after buying an additional 3,212 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Element Solutions during the first quarter worth approximately $78,000. 92.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ESI. StockNews.com raised shares of Element Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group increased their target price on shares of Element Solutions from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, June 24th. BMO Capital Markets restated an "outperform" rating and set a $30.00 price target (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Mizuho raised their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group upped their price objective 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Stock Up 1.6 %

Shares of NYSE:ESI opened at $26.13 on Wednesday. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.33 billion, a P/E ratio of 48.39, a P/E/G ratio of 1.37 and a beta of 1.29. Element Solutions Inc has a 12 month low of $17.57 and a 12 month high of $28.68. The company's 50-day moving average price is $25.88 and its two-hundred day moving average price is $25.30.

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

Element Solutions Dividend Announcement

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

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.

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