Natixis Advisors LLC Lowers Stake in Element Solutions Inc. $ESI

Natixis Advisors LLC lowered its stake in shares of Element Solutions Inc. (NYSE:ESI) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 858,509 shares of the company’s stock after selling 22,845 shares during the period. Natixis Advisors LLC’s holdings in Element Solutions were worth $21,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ESI. Community Bank N.A. bought a new position in shares of Element Solutions during the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd bought a new position in shares of Element Solutions during the 3rd quarter valued at $41,000. Johnson Financial Group Inc. bought a new position in shares of Element Solutions during the 3rd quarter valued at $47,000. Measured Wealth Private Client Group LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at $49,000. Finally, Quarry LP grew its holdings in shares of Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ESI shares. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Mizuho increased their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $39.57.

Element Solutions Trading Down 5.3%

Shares of ESI opened at $39.78 on Friday. The firm’s 50-day moving average price is $39.59 and its 200-day moving average price is $32.79. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 1.47 and a beta of 1.25. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. Element Solutions Inc. has a 1-year low of $20.95 and a 1-year high of $45.51.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same period last year, the company posted $0.34 EPS. Element Solutions’s revenue was up 41.5% on a year-over-year basis. Sell-side analysts anticipate that Element Solutions Inc. will post 1.78 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.