Quantbot Technologies LP Has $2.29 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Quantbot Technologies LP trimmed its stake in shares of Element Solutions Inc (NYSE:ESI) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,270 shares of the company’s stock after selling 39,251 shares during the quarter. Quantbot Technologies LP’s holdings in Element Solutions were worth $2,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ESI. Quarry LP acquired a new stake in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC grew its stake in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after acquiring an additional 3,212 shares in the last quarter. LRI Investments LLC bought a new position in Element Solutions during the first quarter worth about $78,000. Finally, Signaturefd LLC raised its stake in 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 purchasing an additional 448 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Element Solutions stock opened at $28.47 on Friday. The stock has a market cap of $6.89 billion, a PE ratio of 25.65, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 12-month low of $20.31 and a 12-month high of $29.78. The business’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $26.22.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. During the same period in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Barclays lifted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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.