Royce & Associates LP reduced its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,399,221 shares of the company's stock after selling 63,349 shares during the period. Element Solutions accounts for approximately 0.6% of Royce & Associates LP's investment portfolio, making the stock its 23rd biggest holding. Royce & Associates LP owned approximately 0.99% of Element Solutions worth $65,163,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in Element Solutions in the 2nd quarter worth about $31,000. LRI Investments LLC purchased a new stake in shares of Element Solutions during the 1st quarter valued at approximately $78,000. 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. Quest Partners LLC grew its holdings in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after buying an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after buying an additional 448 shares during the period. 92.32% of the stock is owned by institutional investors.
Element Solutions Price Performance
Shares of NYSE ESI traded down $0.17 during trading hours on Friday, reaching $28.07. 910,159 shares of the stock traded hands, compared to its average volume of 1,365,616. The company has a market capitalization of $6.80 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company's 50-day simple moving average is $26.42 and its two-hundred day simple moving average is $25.88. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 52-week low of $20.17 and a 52-week high of $29.16.
Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period in the previous year, the business posted $0.36 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Element Solutions Inc will post 1.44 EPS for the current year.
Element Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. Element Solutions's dividend payout ratio is currently 28.83%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ESI. BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research note 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. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Barclays boosted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Wolfe Research raised Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. 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. According to data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $31.00.
Check Out Our Latest Analysis on ESI
Element Solutions Profile
(
Free Report)
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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