Reinhart Partners LLC. Buys 34,274 Shares of Element Solutions Inc (NYSE:ESI)

Reinhart Partners LLC. increased its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,275,161 shares of the company's stock after buying an additional 34,274 shares during the period. Reinhart Partners LLC. owned 0.53% of Element Solutions worth $32,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in Element Solutions in the third quarter valued at approximately $25,000. Quarry LP bought a new position in shares of Element Solutions in the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC increased its holdings in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Element Solutions in the third quarter valued at about $113,000. Institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 1.5 %

ESI stock traded down $0.38 during midday trading on Monday, hitting $25.00. The company's stock had a trading volume of 1,518,390 shares, compared to its average volume of 1,461,356. The company's fifty day moving average price is $27.17 and its 200 day moving average price is $26.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. Element Solutions Inc has a twelve month low of $21.42 and a twelve month high of $29.78. The stock has a market capitalization of $6.05 billion, a P/E ratio of 22.52, a PEG ratio of 1.51 and a beta of 1.30.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities research analysts predict that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ESI shares. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays increased their target price 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. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. BMO Capital Markets lifted their target price on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Finally, Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.40.

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.