Price T Rowe Associates Inc. MD Sells 17,437,377 Shares of Element Solutions Inc (NYSE:ESI)

Price T Rowe Associates Inc. MD reduced its stake in shares of Element Solutions Inc (NYSE:ESI – Get Rating) by 79.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,407,127 shares of the company’s stock after selling 17,437,377 shares during the period. Price T Rowe Associates Inc. MD owned about 1.82% of Element Solutions worth $71,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESI. Vanguard Group Inc. grew its holdings in shares of Element Solutions by 5.0% in the first quarter. Vanguard Group Inc. now owns 20,627,823 shares of the company’s stock valued at $451,749,000 after acquiring an additional 984,222 shares in the last quarter. FMR LLC grew its holdings in shares of Element Solutions by 5.1% in the second quarter. FMR LLC now owns 15,221,953 shares of the company’s stock valued at $270,951,000 after acquiring an additional 740,817 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Element Solutions by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,332,652 shares of the company’s stock valued at $130,521,000 after acquiring an additional 55,674 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Element Solutions by 14.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,317,632 shares of the company’s stock valued at $70,247,000 after acquiring an additional 547,595 shares in the last quarter. Finally, Glenview Capital Management LLC grew its holdings in shares of Element Solutions by 35.9% in the second quarter. Glenview Capital Management LLC now owns 4,166,904 shares of the company’s stock valued at $74,171,000 after acquiring an additional 1,100,000 shares in the last quarter. 90.37% of the stock is owned by institutional investors.

Element Solutions Trading Down 1.5 %

NYSE:ESI opened at $19.01 on Tuesday. The company has a market cap of $4.59 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.91 and a beta of 1.35. The stock’s fifty day moving average price is $20.01 and its two-hundred day moving average price is $18.75. Element Solutions Inc has a 1 year low of $15.31 and a 1 year high of $23.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.45 and a quick ratio of 2.61.

Element Solutions (NYSE:ESI – Get Rating) last posted its earnings results on Tuesday, February 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $573.80 million for the quarter, compared to the consensus estimate of $589.81 million. Element Solutions had a return on equity of 14.53% and a net margin of 7.34%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, analysts expect that Element Solutions Inc will post 1.41 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a $0.08 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.68%. Element Solutions’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ESI shares. The Goldman Sachs Group increased their price objective on Element Solutions from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, December 15th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Barclays increased their price objective on Element Solutions from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. Finally, Credit Suisse Group increased their price objective on Element Solutions from $15.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.08.

About Element Solutions

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Element Solutions, Inc is a specialty chemicals company. It operates under the Electronics, and Industrial and Specialty segments. The Electronics segment focuses on researching, formulating, and selling specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging.