Parkside Investments LLC trimmed its position in shares of Element Solutions Inc (NYSE:ESI – Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,622 shares of the company’s stock after selling 7,115 shares during the period. Element Solutions makes up approximately 1.5% of Parkside Investments LLC’s holdings, making the stock its 26th biggest holding. Parkside Investments LLC’s holdings in Element Solutions were worth $10,035,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after acquiring an additional 26,753 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after purchasing an additional 49,466 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at approximately $1,161,000. Barclays PLC raised its holdings in Element Solutions by 96.0% during the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after buying an additional 52,973 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after buying an additional 1,369,981 shares during the period. 92.32% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.
Element Solutions Price Performance
ESI opened at $26.08 on Monday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.12 and a beta of 1.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 12-month low of $21.42 and a 12-month high of $29.78. The business’s fifty day simple moving average is $26.65 and its 200-day simple moving average is $26.47.
Element Solutions (NYSE:ESI – Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million for 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 business earned $0.36 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.
Element Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. Element Solutions’s dividend payout ratio is presently 28.83%.
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.
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