Y Intercept Hong Kong Ltd lowered its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 64.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,051 shares of the company's stock after selling 34,486 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Element Solutions were worth $517,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Element Solutions during the second quarter worth $5,668,000. Cerity Partners LLC raised its holdings in Element Solutions by 40.4% during the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company's stock worth $4,672,000 after buying an additional 49,466 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Element Solutions during the 3rd quarter worth about $1,161,000. WCM Investment Management LLC lifted its stake in Element Solutions by 2.3% during the third quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company's stock valued at $50,173,000 after buying an additional 41,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Element Solutions by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company's stock worth $62,458,000 after buying an additional 38,859 shares during the period. 92.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on ESI shares. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday. Barclays raised 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. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 2nd. Finally, Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.
View Our Latest Report on ESI
Element Solutions Stock Down 1.6 %
Shares of ESI stock traded down $0.45 on Monday, hitting $26.84. The company's stock had a trading volume of 1,274,853 shares, compared to its average volume of 1,355,008. Element Solutions Inc has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The firm's fifty day moving average price is $27.38 and its 200-day moving average price is $26.55. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.51 and a beta of 1.28. 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 (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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%. Element Solutions's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Research analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current year.
Element Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.19%. Element Solutions's dividend payout ratio is 28.83%.
About Element Solutions
(
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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