Algert Global LLC Cuts Stock Position in Element Solutions Inc (NYSE:ESI)

Algert Global LLC trimmed its position in shares of Element Solutions Inc (NYSE:ESI) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,015 shares of the company’s stock after selling 19,318 shares during the quarter. Algert Global LLC’s holdings in Element Solutions were worth $2,696,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its position in Element Solutions by 96.0% during the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after acquiring an additional 52,973 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Element Solutions by 10.7% during the 3rd quarter. Tidal Investments LLC now owns 51,324 shares of the company’s stock valued at $1,394,000 after purchasing an additional 4,971 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of Element Solutions by 2.8% in the 4th quarter. Reinhart Partners LLC. now owns 1,275,161 shares of the company’s stock worth $32,427,000 after purchasing an additional 34,274 shares in the last quarter. Moody National Bank Trust Division grew its stake in Element Solutions by 20.3% during the 4th quarter. Moody National Bank Trust Division now owns 37,888 shares of the company’s stock worth $963,000 after buying an additional 6,402 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Element Solutions during the 4th quarter valued at about $1,947,000. 92.32% of the stock is currently owned by institutional investors.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.90% of the stock is owned by company insiders.

Element Solutions Price Performance

Shares of ESI opened at $20.89 on Thursday. The company has a market capitalization of $5.07 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.30 and a beta of 1.24. The business’s 50-day moving average is $21.90 and its two-hundred day moving average is $25.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $593.70 million during the quarter, compared to analysts’ expectations of $576.73 million. During the same period last year, the business earned $0.34 earnings per share. Element Solutions’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 26.89%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America raised Element Solutions from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. UBS Group decreased their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. KeyCorp dropped their price objective on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, BMO Capital Markets reduced their target price on Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.38.

Element Solutions Company Profile

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.