Element Solutions Inc. $ESI Shares Sold by World Investment Advisors

World Investment Advisors trimmed its stake in Element Solutions Inc. (NYSE:ESI) by 52.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,603 shares of the company’s stock after selling 27,701 shares during the period. World Investment Advisors’ holdings in Element Solutions were worth $874,000 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. Los Angeles Capital Management LLC purchased a new stake in Element Solutions in the fourth quarter valued at $28,000. Community Bank N.A. purchased a new position in shares of Element Solutions during the third quarter worth about $33,000. Johnson Financial Group Inc. acquired a new stake in shares of Element Solutions during the third quarter worth about $47,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Element Solutions during the third quarter worth about $49,000. Finally, Quarry LP increased its position in shares of Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Up 3.2%

Shares of ESI opened at $40.61 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average is $43.15 and its two-hundred day moving average is $35.96. Element Solutions Inc. has a twelve month low of $22.63 and a twelve month high of $49.25. The firm has a market capitalization of $9.89 billion, a P/E ratio of 65.50, a PEG ratio of 1.37 and a beta of 1.23.

Element Solutions (NYSE:ESI) last posted 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. The company had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. On average, research analysts predict that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ESI. Mizuho upped their target price on Element Solutions from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. UBS Group boosted their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial increased their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Finally, Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $44.29.

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.