Reinhart Partners LLC. Has $33.70 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Reinhart Partners LLC. raised its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,240,887 shares of the company's stock after purchasing an additional 66,496 shares during the quarter. Reinhart Partners LLC. owned 0.51% of Element Solutions worth $33,702,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Trust acquired a new position in shares of Element Solutions in the fourth quarter worth $204,000. Richardson Financial Services Inc. acquired a new position in shares of Element Solutions in the fourth quarter worth $27,000. Quadrature Capital Ltd acquired a new position in shares of Element Solutions in the fourth quarter worth $278,000. HighPoint Advisor Group LLC acquired a new position in shares of Element Solutions in the fourth quarter worth $251,000. Finally, Perpetual Ltd acquired a new position in shares of Element Solutions in the first quarter worth $205,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ESI shares. UBS Group upped their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, June 24th. The Goldman Sachs Group upped their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, June 27th. Finally, StockNews.com upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Element Solutions Stock Performance

ESI stock traded up $0.36 during mid-day trading on Friday, reaching $25.98. 527,633 shares of the stock traded hands, compared to its average volume of 1,339,557. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. Element Solutions Inc has a 52 week low of $17.57 and a 52 week high of $28.68. The business has a 50-day moving average of $25.76 and a two-hundred day moving average of $25.47. The firm has a market capitalization of $6.29 billion, a PE ratio of 32.07, a P/E/G ratio of 1.39 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company had revenue of $613.00 million during the quarter, compared to analysts' expectations of $606.95 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions's dividend payout ratio (DPR) is presently 39.51%.

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.