582,164 Element Solutions Inc. $ESI Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in Element Solutions Inc. (NYSE:ESI) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,349,457 shares of the company’s stock after selling 582,164 shares during the period. Royce & Associates LP owned approximately 0.56% of Element Solutions worth $48,958,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ESI. William Blair Investment Management LLC raised its position in shares of Element Solutions by 5.0% in the 3rd quarter. William Blair Investment Management LLC now owns 15,473 shares of the company’s stock worth $561,000 after acquiring an additional 733 shares in the last quarter. R Squared Ltd acquired a new position in shares of Element Solutions in the 3rd quarter valued at about $291,000. Maryland State Retirement & Pension System lifted its stake in shares of Element Solutions by 43.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 64,725 shares of the company’s stock valued at $2,348,000 after purchasing an additional 19,713 shares during the period. New York Life Investment Management LLC boosted its position in shares of Element Solutions by 17.6% during the 3rd quarter. New York Life Investment Management LLC now owns 33,609 shares of the company’s stock valued at $1,219,000 after purchasing an additional 5,030 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Element Solutions by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 248,028 shares of the company’s stock valued at $9,011,000 after purchasing an additional 1,201 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 1.0%

Element Solutions stock traded down $0.33 during midday trading on Friday, reaching $32.99. The stock had a trading volume of 2,265,122 shares, compared to its average volume of 4,457,676. The company has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $36.98. Element Solutions Inc. has a 12 month low of $22.86 and a 12 month high of $49.25. The company has a current ratio of 2.78, a quick ratio of 2.06 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.00 billion, a P/E ratio of 38.82, a PEG ratio of 1.11 and a beta of 1.29.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The business had revenue of $995.30 million for the quarter, compared to analyst estimates of $964.23 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 51.7% on a year-over-year basis. As a group, equities analysts expect that Element Solutions Inc. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ESI has been the subject of several recent analyst reports. Truist Financial raised their target price on Element Solutions from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. UBS Group boosted their price target on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Barclays dropped their price target on Element Solutions from $53.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Wolfe Research set a $47.00 price target on Element Solutions in a report on Wednesday, July 29th. Finally, Bank of America initiated coverage on shares of Element Solutions in a research report on Tuesday, September 1st. They set a “buy” rating and a $42.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $46.36.

Element Solutions Profile

Element Solutions Inc. is a specialty chemicals company that develops and supplies materials used in electronics manufacturing and a range of industrial processes. Its products support the production of printed circuit boards, semiconductors and electronic assemblies, as well as metal plating, surface finishing and other applications. The company’s products help customers treat, protect and enhance surfaces and materials during manufacturing. Its portfolio includes process chemicals, coatings and related technologies sold under established brands, including MacDermid, Alpha and Enthone.