American Century Companies Inc. Has $83.11 Million Stock Holdings in Element Solutions Inc. $ESI

Key Points

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American Century Companies Inc. reduced its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 28.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,675,953 shares of the company's stock after selling 1,464,542 shares during the quarter. American Century Companies Inc. owned about 1.52% of Element Solutions worth $83,113,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ESI. Wells Fargo & Company MN grew its position in shares of Element Solutions by 100.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock worth $88,000 after buying an additional 1,739 shares during the period. Bank of Montreal Can grew its position in shares of Element Solutions by 6.3% during the 4th quarter. Bank of Montreal Can now owns 22,843 shares of the company's stock worth $581,000 after buying an additional 1,362 shares during the period. Sterling Capital Management LLC grew its position in shares of Element Solutions by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 13,372 shares of the company's stock worth $340,000 after buying an additional 4,840 shares during the period. Mariner LLC grew its position in shares of Element Solutions by 7.2% during the 4th quarter. Mariner LLC now owns 57,473 shares of the company's stock worth $1,462,000 after buying an additional 3,874 shares during the period. Finally, Forum Financial Management LP acquired a new position in shares of Element Solutions during the 4th quarter worth about $234,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Up 3.5%

NYSE ESI traded up $0.8750 during trading on Friday, hitting $25.8650. The stock had a trading volume of 1,418,795 shares, compared to its average volume of 1,814,726. The company has a market capitalization of $6.25 billion, a PE ratio of 25.87, a P/E/G ratio of 1.63 and a beta of 1.26. The company's 50-day moving average price is $23.79 and its two-hundred day moving average price is $23.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $587.45 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business's revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. Element Solutions's dividend payout ratio is currently 32.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ESI shares. The Goldman Sachs Group reiterated 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. UBS Group boosted their price objective on Element Solutions from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. KeyCorp boosted their price objective on Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets decreased their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Mizuho boosted their price objective on Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $27.38.

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.