Quantbot Technologies LP Trims Stock Position in Element Solutions Inc (NYSE:ESI)

Quantbot Technologies LP lessened its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 31.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,270 shares of the company's stock after selling 39,251 shares during the period. Quantbot Technologies LP's holdings in Element Solutions were worth $2,289,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ESI. US Bancorp DE increased its holdings in Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company's stock worth $1,249,000 after acquiring an additional 417 shares during the last quarter. Signaturefd LLC raised its position in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after purchasing an additional 448 shares during the period. Equitable Trust Co. raised its holdings in Element Solutions by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company's stock valued at $911,000 after acquiring an additional 733 shares during the period. QRG Capital Management Inc. lifted its position in shares of Element Solutions by 7.5% during the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock worth $309,000 after acquiring an additional 798 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after acquiring an additional 864 shares during the period. Institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

NYSE:ESI traded up $0.21 during mid-day 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 stock has a market capitalization of $6.95 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.57 and a beta of 1.29. The firm has a 50 day moving average price of $27.07 and a two-hundred day moving average price of $26.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions Inc has a one year low of $20.31 and a one year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million during the quarter, compared to analysts' expectations of $626.52 million. During the same period in the prior year, the business posted $0.36 EPS. Element Solutions's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect 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 will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, December 2nd. Element Solutions's payout ratio is 28.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. 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 report on Wednesday, October 30th. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Finally, Barclays upped their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.