Mutual of America Capital Management LLC Lowers Stock Position in Element Solutions Inc. $ESI

Mutual of America Capital Management LLC cut its holdings in Element Solutions Inc. (NYSE:ESI) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,660 shares of the company’s stock after selling 3,782 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Element Solutions were worth $649,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in Element Solutions by 1.2% in the first quarter. Mackenzie Financial Corp now owns 45,210 shares of the company’s stock worth $1,022,000 after purchasing an additional 529 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Element Solutions by 0.8% in the second quarter. Maryland State Retirement & Pension System now owns 76,026 shares of the company’s stock worth $1,722,000 after acquiring an additional 619 shares in the last quarter. KBC Group NV grew its stake in shares of Element Solutions by 7.1% in the first quarter. KBC Group NV now owns 10,319 shares of the company’s stock worth $233,000 after acquiring an additional 681 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Element Solutions by 1.0% during the second quarter. Yousif Capital Management LLC now owns 83,682 shares of the company’s stock valued at $1,895,000 after acquiring an additional 828 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of Element Solutions by 1.9% in the 1st quarter. KLP Kapitalforvaltning AS now owns 47,900 shares of the company’s stock worth $1,083,000 after purchasing an additional 900 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Performance

NYSE:ESI opened at $26.50 on Tuesday. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. The firm has a market capitalization of $6.40 billion, a PE ratio of 26.50, a P/E/G ratio of 1.73 and a beta of 1.31. The stock has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $23.49.

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

Element Solutions Dividend Announcement

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

Insider Activity at Element Solutions

In related news, 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 transaction, the executive vice president owned 57,353 shares in the company, valued at approximately $1,522,722.15. The trade was a 46.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Edward Capps sold 77,674 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $26.77, for a total value of $2,079,332.98. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 168,399 shares of company stock worth $4,492,561. 6.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ESI has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a report on Wednesday, September 17th. KeyCorp raised their price target on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. Finally, Mizuho increased their target price on Element Solutions from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

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.