Impax Asset Management Group plc Has $13.38 Million Stake in Element Solutions Inc. (NYSE:ESI)

Impax Asset Management Group plc cut its holdings in Element Solutions Inc. (NYSE:ESI - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the SEC. 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.

Several other hedge funds have also made changes to their positions in ESI. Integrated Wealth Concepts LLC grew its position in Element Solutions by 1.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after acquiring an additional 423 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Element Solutions by 4.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares during the period. Arizona State Retirement System increased its position in Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after purchasing an additional 545 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Element Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares during the period. Finally, KBC Group NV lifted its position in Element Solutions by 7.1% during the first quarter. KBC Group NV now owns 10,319 shares of the company's stock valued at $233,000 after buying an additional 681 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ESI. BMO Capital Markets dropped their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. KeyCorp reduced their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price objective 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. Finally, Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.75.

Element Solutions Stock Up 2.7%

Shares of Element Solutions stock traded up $0.64 during trading on Monday, reaching $24.64. The company had a trading volume of 6,497,332 shares, compared to its average volume of 2,019,836. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The firm's fifty day moving average is $21.90 and its 200-day moving average is $23.31. 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 (NYSE:ESI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same quarter last year, the firm earned $0.34 EPS. The business's revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 dividend payout ratio is presently 26.89%.

About Element Solutions

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.