WCM Investment Management LLC Trims Position in Element Solutions Inc. $ESI

WCM Investment Management LLC trimmed its position in Element Solutions Inc. (NYSE:ESI) by 42.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 597,018 shares of the company’s stock after selling 436,362 shares during the period. WCM Investment Management LLC’s holdings in Element Solutions were worth $19,320,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ESI. Iridian Asset Management LLC CT lifted its position in Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after purchasing an additional 71,686 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock worth $63,077,000 after buying an additional 174,228 shares during the last quarter. Peak Financial Advisors LLC raised its position in shares of Element Solutions by 282.4% during the 4th quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock valued at $1,994,000 after buying an additional 58,929 shares in the last quarter. Hsbc Holdings PLC grew its position in Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock worth $4,767,000 after acquiring an additional 59,154 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Element Solutions by 221.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 350,196 shares of the company’s stock valued at $8,751,000 after acquiring an additional 241,266 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial increased their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. UBS Group raised their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets lifted their price target on Element Solutions from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Element Solutions presently has a consensus rating of “Buy” and a consensus target price of $43.00.

Element Solutions Stock Up 0.2%

Shares of NYSE:ESI opened at $37.47 on Monday. The stock’s 50-day moving average is $42.64 and its 200 day moving average is $36.52. The company has a market cap of $9.13 billion, a PE ratio of 60.43, a P/E/G ratio of 1.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions Inc. has a 1 year low of $22.63 and a 1 year high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Sell-side analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

About Element Solutions

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.