WCM Investment Management LLC Has $50.17 Million Holdings in Element Solutions Inc (NYSE:ESI)

WCM Investment Management LLC boosted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,857,560 shares of the company's stock after purchasing an additional 41,309 shares during the quarter. WCM Investment Management LLC owned about 0.77% of Element Solutions worth $50,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Equitable Trust Co. boosted its position in shares of Element Solutions by 2.2% in the third 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. Advisor Resource Council bought a new stake in Element Solutions in the 3rd quarter valued at about $390,000. Forte Capital LLC ADV boosted its holdings in Element Solutions by 38.0% in the 3rd quarter. Forte Capital LLC ADV now owns 11,970 shares of the company's stock valued at $325,000 after purchasing an additional 3,295 shares during the period. QRG Capital Management Inc. grew its position in shares of Element Solutions by 8.7% during the 3rd quarter. QRG Capital Management Inc. now owns 12,377 shares of the company's stock worth $336,000 after purchasing an additional 988 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Element Solutions by 107.1% during the third quarter. Harbor Capital Advisors Inc. now owns 105,745 shares of the company's stock worth $2,872,000 after purchasing an additional 54,686 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ESI. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a research note on Monday, October 14th. Barclays upped their target price on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Two equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Element Solutions Price Performance

NYSE ESI traded up $0.17 during trading on Monday, hitting $28.74. 872,454 shares of the company's stock were exchanged, compared to its average volume of 1,372,932. The company has a market cap of $6.96 billion, a PE ratio of 25.89, a P/E/G ratio of 1.58 and a beta of 1.29. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a fifty-two week low of $19.11 and a fifty-two week high of $29.16. The stock's 50 day moving average price is $26.27 and its two-hundred day moving average price is $25.79.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Research analysts expect that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. Element Solutions's payout ratio is presently 28.83%.

About Element Solutions

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.