Impax Asset Management Group plc Reduces Position in Element Solutions Inc. (NYSE:ESI)

Impax Asset Management Group plc lessened its holdings in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 591,946 shares of the company's stock after selling 50,000 shares during the period. Impax Asset Management Group plc owned 0.24% of Element Solutions worth $13,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TD Private Client Wealth LLC bought a new stake in Element Solutions in the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Element Solutions in the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of Element Solutions in the fourth quarter worth about $68,000. Wells Fargo & Company MN grew its stake in 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 last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Element Solutions during the fourth quarter worth $93,000. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ESI shares. The Goldman Sachs Group cut their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Mizuho upped their target price on shares of Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Barclays cut their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. UBS Group increased their price objective on Element Solutions from $25.00 to $29.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their price target for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $26.25.

Element Solutions Price Performance

ESI traded up $0.33 during trading on Wednesday, reaching $24.72. 1,085,802 shares of the stock were exchanged, compared to its average volume of 2,026,289. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. Element Solutions Inc. has a 1 year low of $16.77 and a 1 year high of $29.78. The business's 50 day moving average price is $21.98 and its two-hundred day moving average price is $23.32.

Element Solutions (NYSE:ESI - Get Free Report) last issued 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 firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. During the same quarter last year, the business posted $0.34 EPS. Element Solutions's revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is 26.89%.

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.