Baird Financial Group Inc. lessened its holdings in Element Solutions Inc (NYSE:ESI – Get Rating) by 49.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,211 shares of the company’s stock after selling 47,248 shares during the period. Baird Financial Group Inc.’s holdings in Element Solutions were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ESI. Natixis Advisors L.P. lifted its stake in shares of Element Solutions by 4.1% during the 4th quarter. Natixis Advisors L.P. now owns 645,957 shares of the company’s stock worth $15,684,000 after buying an additional 25,622 shares during the last quarter. Brinker Capital Investments LLC raised its holdings in Element Solutions by 7.2% in the 4th quarter. Brinker Capital Investments LLC now owns 115,888 shares of the company’s stock valued at $2,814,000 after acquiring an additional 7,808 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Element Solutions by 3.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 285,338 shares of the company’s stock worth $6,928,000 after acquiring an additional 9,217 shares during the last quarter. Bank of America Corp DE boosted its holdings in Element Solutions by 2.4% in the 4th quarter. Bank of America Corp DE now owns 861,812 shares of the company’s stock valued at $20,926,000 after purchasing an additional 20,578 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Element Solutions by 44.1% during the 4th quarter. First Trust Advisors LP now owns 780,301 shares of the company’s stock worth $18,946,000 after acquiring an additional 238,751 shares in the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on ESI. Barclays dropped their price objective on Element Solutions from $26.00 to $24.00 in a research report on Monday, May 2nd. StockNews.com initiated coverage on shares of Element Solutions in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut Element Solutions from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research note on Tuesday, March 1st. Finally, CL King began coverage on Element Solutions in a research report on Monday, January 24th. They issued a “buy” rating and a $28.00 target price for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.91.
NYSE:ESI opened at $20.31 on Friday. Element Solutions Inc has a 52-week low of $19.29 and a 52-week high of $26.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.24 and a current ratio of 3.04. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 0.81 and a beta of 1.37. The stock has a fifty day moving average of $21.17 and a 200 day moving average of $22.87.
Element Solutions (NYSE:ESI – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Element Solutions had a return on equity of 13.72% and a net margin of 7.00%. During the same quarter in the prior year, the business earned $0.37 EPS. Equities analysts forecast that Element Solutions Inc will post 1.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, February 28th. Element Solutions’s dividend payout ratio (DPR) is presently 44.44%.
Element Solutions Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Element Solutions (ESI)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.