Element Solutions Inc (NYSE:ESI) Stake Reduced by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in Element Solutions Inc (NYSE:ESI) by 20.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,870 shares of the company’s stock after selling 3,042 shares during the quarter. HighTower Advisors LLC’s holdings in Element Solutions were worth $320,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ESI. Bank of New York Mellon Corp boosted its holdings in Element Solutions by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 1,061,922 shares of the company’s stock worth $28,799,000 after buying an additional 60,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Element Solutions by 16.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,690 shares of the company’s stock worth $1,673,000 after acquiring an additional 8,491 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Element Solutions during the second quarter valued at $453,000. Finally, nVerses Capital LLC boosted its holdings in shares of Element Solutions by 24.6% in the second quarter. nVerses Capital LLC now owns 7,600 shares of the company’s stock worth $206,000 after buying an additional 1,500 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Up 1.0 %

Shares of ESI opened at $25.54 on Tuesday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.51 and a beta of 1.28. Element Solutions Inc has a 52 week low of $21.42 and a 52 week high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The business’s fifty day moving average price is $27.39 and its two-hundred day moving average price is $26.64.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. On average, analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays lifted their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

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.