Element Solutions Inc. $ESI Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,598,393 shares of the company’s stock after selling 90,278 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Element Solutions were worth $217,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new position in shares of Element Solutions in the fourth quarter worth $28,000. Eagle Bay Advisors LLC grew its position in shares of Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock worth $52,000 after buying an additional 2,060 shares in the last quarter. Covestor Ltd grew its holdings in Element Solutions by 311.3% during the 1st quarter. Covestor Ltd now owns 3,126 shares of the company’s stock worth $71,000 after acquiring an additional 2,366 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company’s stock valued at $88,000 after buying an additional 1,739 shares during the last quarter. Finally, Quarry LP lifted its holdings in Element Solutions by 29.2% during the 4th quarter. Quarry LP now owns 7,792 shares of the company’s stock worth $198,000 after buying an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ESI. UBS Group upped their price objective on Element Solutions from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Mizuho boosted their target price on Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Barclays cut their price objective on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. BMO Capital Markets lowered their target price on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, KeyCorp increased their target price on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Element Solutions presently has a consensus rating of “Buy” and a consensus price target of $27.38.

Element Solutions Stock Performance

Shares of ESI opened at $25.0450 on Thursday. The company’s 50 day simple moving average is $23.63 and its 200-day simple moving average is $23.04. The firm has a market cap of $6.05 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The firm had revenue of $625.20 million during the quarter, compared to analysts’ expectations of $587.45 million. During the same quarter in the prior year, the business earned $0.36 EPS. Element Solutions’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that Element Solutions Inc. will post 1.45 EPS for the current year.

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.