Element Solutions Inc (NYSE:ESI) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. cut its holdings in shares of Element Solutions Inc (NYSE:ESI) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,758 shares of the company’s stock after selling 2,242 shares during the period. Macquarie Group Ltd. owned approximately 0.07% of Element Solutions worth $3,490,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ESI. PNC Financial Services Group Inc. lifted its position in shares of Element Solutions by 9.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,974 shares of the company’s stock valued at $127,000 after acquiring an additional 622 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Element Solutions by 32.1% during the first quarter. Covestor Ltd now owns 2,845 shares of the company’s stock valued at $62,000 after purchasing an additional 692 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Element Solutions by 0.7% in the 1st quarter. Treasurer of the State of North Carolina now owns 98,561 shares of the company’s stock valued at $1,903,000 after purchasing an additional 700 shares during the period. Donoghue Forlines LLC increased its stake in Element Solutions by 3.9% in the 1st quarter. Donoghue Forlines LLC now owns 19,012 shares of the company’s stock worth $367,000 after purchasing an additional 719 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. increased its stake in Element Solutions by 2.6% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 32,964 shares of the company’s stock worth $722,000 after purchasing an additional 845 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESI. BMO Capital Markets started coverage on shares of Element Solutions in a research report on Tuesday, June 20th. They issued an “outperform” rating and a $23.00 target price on the stock. StockNews.com began coverage on shares of Element Solutions in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Mizuho increased their target price on Element Solutions from $21.00 to $22.00 in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.21.

Element Solutions Stock Down 1.4 %

ESI stock opened at $19.53 on Monday. The company has a 50 day moving average of $20.07 and a two-hundred day moving average of $19.14. The company has a quick ratio of 2.44, a current ratio of 3.32 and a debt-to-equity ratio of 0.87. Element Solutions Inc has a 12-month low of $15.31 and a 12-month high of $21.90. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.94 and a beta of 1.30.

Element Solutions (NYSE:ESI) last issued its earnings results on Wednesday, July 26th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Element Solutions had a return on equity of 13.13% and a net margin of 5.90%. The firm had revenue of $586.10 million for the quarter, compared to the consensus estimate of $611.13 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Element Solutions Inc will post 1.3 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, August 31st. Element Solutions’s dividend payout ratio (DPR) is presently 56.14%.

About Element Solutions

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.