Element Solutions Inc. (NYSE:ESI) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,800 shares of the company's stock after selling 11,700 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Element Solutions were worth $2,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank raised its position in Element Solutions by 479.7% in the 1st quarter. Amalgamated Bank now owns 67,594 shares of the company's stock valued at $1,528,000 after buying an additional 55,933 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Element Solutions by 48.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company's stock worth $38,805,000 after acquiring an additional 560,346 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Element Solutions by 13.3% in the 1st quarter. QRG Capital Management Inc. now owns 28,196 shares of the company's stock worth $638,000 after acquiring an additional 3,302 shares during the last quarter. SG Americas Securities LLC purchased a new position in Element Solutions during the 1st quarter valued at about $623,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Element Solutions by 110.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,102 shares of the company's stock valued at $1,336,000 after buying an additional 30,953 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 0.3%

NYSE ESI traded down $0.09 on Friday, reaching $24.60. 223,562 shares of the stock traded hands, compared to its average volume of 2,030,177. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78. The company has a fifty day moving average price of $22.51 and a 200-day moving average price of $23.29.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, research analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. Element Solutions's payout ratio is currently 26.89%.

Wall Street Analysts Forecast Growth

ESI has been the subject of several recent research reports. Barclays lowered their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group restated a "neutral" rating and set a $27.00 target price (up previously from $24.00) on shares of Element Solutions in a report on Tuesday. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. BMO Capital Markets cut their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, KeyCorp increased their price objective on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.13.

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.