Strs Ohio Sells 6,732 Shares of Element Solutions Inc (NYSE:ESI)

Strs Ohio reduced its stake in Element Solutions Inc (NYSE:ESI) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,382 shares of the company’s stock after selling 6,732 shares during the period. Strs Ohio’s holdings in Element Solutions were worth $1,536,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Element Solutions by 85.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 608 shares during the last quarter. Covestor Ltd grew its stake in shares of Element Solutions by 32.1% in the first quarter. Covestor Ltd now owns 2,845 shares of the company’s stock worth $62,000 after acquiring an additional 692 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Element Solutions in the first quarter worth $101,000. Captrust Financial Advisors grew its stake in shares of Element Solutions by 86.4% in the second quarter. Captrust Financial Advisors now owns 6,232 shares of the company’s stock worth $111,000 after acquiring an additional 2,889 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Element Solutions by 9.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,974 shares of the company’s stock worth $127,000 after acquiring an additional 622 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Carey J. Dorman sold 1,410 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $32,712.00. Following the transaction, the chief financial officer now directly owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the transaction, the executive vice president now directly owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock worth $2,255,110 in the last three months. 7.90% of the stock is currently owned by company insiders.

Element Solutions Price Performance

NYSE ESI opened at $23.77 on Monday. Element Solutions Inc has a one year low of $17.08 and a one year high of $25.81. The stock has a 50-day moving average of $24.14 and a 200 day moving average of $22.12. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 2.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $573.40 million during the quarter, compared to the consensus estimate of $590.43 million. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. Element Solutions’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. On average, sell-side analysts forecast that Element Solutions Inc will post 1.4 EPS for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. Element Solutions’s dividend payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Mizuho cut their target price on Element Solutions from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Wolfe Research began coverage on Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating for the company. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, UBS Group lifted their price objective on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Element Solutions 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.