Signaturefd LLC Cuts Stake in Element Solutions Inc. $ESI

Signaturefd LLC cut its stake in Element Solutions Inc. (NYSE:ESI) by 52.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,720 shares of the company’s stock after selling 1,925 shares during the period. Signaturefd LLC’s holdings in Element Solutions were worth $39,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Element Solutions by 1.2% during the 1st quarter. Mackenzie Financial Corp now owns 45,210 shares of the company’s stock worth $1,022,000 after acquiring an additional 529 shares in the last quarter. KBC Group NV grew its stake in shares of Element Solutions by 7.1% in the 1st quarter. KBC Group NV now owns 10,319 shares of the company’s stock valued at $233,000 after purchasing an additional 681 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Element Solutions by 1.9% during the first quarter. KLP Kapitalforvaltning AS now owns 47,900 shares of the company’s stock worth $1,083,000 after acquiring an additional 900 shares during the period. Xponance Inc. grew its holdings in Element Solutions by 8.7% during the first quarter. Xponance Inc. now owns 11,529 shares of the company’s stock worth $261,000 after acquiring an additional 922 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Element Solutions by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 259,876 shares of the company’s stock worth $5,886,000 after buying an additional 1,025 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ESI has been the subject of a number of research reports. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Saturday, September 27th. The Goldman Sachs Group restated a “neutral” rating and set a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. KeyCorp lifted their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, UBS Group boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $27.88.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, EVP John Edward Capps sold 77,674 shares of Element Solutions stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $26.77, for a total transaction of $2,079,332.98. Following the transaction, the executive vice president owned 609,790 shares of the company’s stock, valued at $16,324,078.30. The trade was a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Matthew Liebowitz sold 50,000 shares of Element Solutions stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $26.55, for a total transaction of $1,327,500.00. Following the sale, the executive vice president directly owned 57,353 shares of the company’s stock, valued at $1,522,722.15. This trade represents a 46.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,399 shares of company stock valued at $4,492,561 in the last three months. 6.90% of the stock is currently owned by company insiders.

Element Solutions Trading Up 1.1%

Shares of NYSE:ESI opened at $27.15 on Tuesday. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $25.31 and a 200-day moving average of $23.03. The firm has a market cap of $6.56 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.75 and a beta of 1.31.

Element Solutions (NYSE:ESI) last released its earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $625.20 million for the quarter, compared to the consensus estimate of $587.45 million. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. As a group, analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Element Solutions’s dividend payout ratio (DPR) is currently 32.00%.

Element Solutions Company 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.