US Bancorp DE Trims Stock Holdings in Element Solutions Inc (NYSE:ESI)

US Bancorp DE cut its holdings in shares of Element Solutions Inc (NYSE:ESIFree Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,270 shares of the company’s stock after selling 4,069 shares during the quarter. US Bancorp DE’s holdings in Element Solutions were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ESI. SRS Capital Advisors Inc. lifted its position in Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after buying an additional 1,278 shares during the period. CWM LLC lifted its position in Element Solutions by 95.9% during the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after buying an additional 886 shares during the period. EverSource Wealth Advisors LLC lifted its position in Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after buying an additional 684 shares during the period. Assetmark Inc. lifted its position in Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after buying an additional 1,902 shares during the period. Finally, Signaturefd LLC lifted its position in Element Solutions by 63.8% during the fourth quarter. Signaturefd LLC now owns 2,849 shares of the company’s stock worth $66,000 after buying an additional 1,110 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Price Performance

ESI stock opened at $24.03 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63. Element Solutions Inc has a 1 year low of $17.57 and a 1 year high of $25.81. The firm has a market cap of $5.82 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The stock has a 50-day simple moving average of $24.20 and a 200-day simple moving average of $23.16.

Element Solutions (NYSE:ESIGet Free Report) last posted its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business had revenue of $575.00 million during the quarter, compared to analyst estimates of $588.17 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts predict that Element Solutions Inc will post 1.38 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Wolfe Research assumed coverage on Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. The Goldman Sachs Group raised their price objective on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. TheStreet upgraded Element Solutions from a “c+” rating to a “b” rating in a report on Tuesday, February 20th. Finally, Barclays raised their price objective on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Element Solutions has an average rating of “Moderate Buy” and a consensus target price of $26.00.

View Our Latest Analysis on ESI

Element Solutions Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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