GW&K Investment Management LLC Sells 83,836 Shares of Element Solutions Inc. $ESI

GW&K Investment Management LLC cut its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,391,577 shares of the company’s stock after selling 83,836 shares during the quarter. GW&K Investment Management LLC owned 0.99% of Element Solutions worth $59,766,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Iridian Asset Management LLC CT increased its holdings in shares of Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock worth $6,603,000 after purchasing an additional 71,686 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Element Solutions by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after purchasing an additional 139,751 shares during the period. American Century Companies Inc. increased its holdings in shares of Element Solutions by 28.0% during the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after purchasing an additional 916,804 shares during the period. Peak Financial Advisors LLC increased its holdings in shares of Element Solutions by 282.4% during the fourth quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock worth $1,994,000 after purchasing an additional 58,929 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Element Solutions by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock worth $102,479,000 after purchasing an additional 562,205 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $41.28 on Wednesday. Element Solutions Inc. has a fifty-two week low of $20.95 and a fifty-two week high of $45.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The firm has a market capitalization of $10.06 billion, a P/E ratio of 66.58, a P/E/G ratio of 1.40 and a beta of 1.25. The company’s 50 day moving average price is $39.87 and its two-hundred day moving average price is $33.08.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share 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 firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. On average, equities analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Truist Financial lifted their price objective on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $39.57.

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.