Element Solutions Inc. (NYSE:ESI) Stock Position Lessened by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,410 shares of the company's stock after selling 10,950 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Element Solutions were worth $529,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after purchasing an additional 249,280 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after purchasing an additional 146,570 shares in the last quarter. Geode Capital Management LLC increased its stake in Element Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after buying an additional 14,339 shares during the period. Locust Wood Capital Advisers LLC increased its stake in Element Solutions by 11.4% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after buying an additional 325,297 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after buying an additional 1,301,602 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group lowered their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Mizuho raised their price objective on Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Wall Street Zen downgraded Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. BMO Capital Markets reduced their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Barclays decreased their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $25.75.

Element Solutions Stock Performance

ESI traded down $0.14 on Monday, hitting $22.65. 2,440,858 shares of the company's stock were exchanged, compared to its average volume of 1,985,956. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $21.48 and a two-hundred day moving average of $23.38. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78. The firm has a market cap of $5.49 billion, a PE ratio of 19.03, a P/E/G ratio of 1.86 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The business had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. During the same period in the prior year, the firm earned $0.34 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Monday, June 2nd. Element Solutions's payout ratio is 26.89%.

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.