Reinhart Partners LLC. Has $21.03 Million Position in Element Solutions Inc (NYSE:ESI)

Reinhart Partners LLC. cut its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 27.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 930,259 shares of the company's stock after selling 344,902 shares during the period. Reinhart Partners LLC. owned 0.38% of Element Solutions worth $21,033,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Element Solutions by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock worth $132,468,000 after purchasing an additional 209,441 shares during the period. Silvercrest Asset Management Group LLC boosted its position 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 worth $127,825,000 after purchasing an additional 146,570 shares during the period. Geode Capital Management LLC boosted its position 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 purchasing an additional 14,339 shares during the period. Finally, Locust Wood Capital Advisers LLC boosted its position 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 purchasing an additional 325,297 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Up 0.4%

Shares of Element Solutions stock traded up $0.09 during trading on Tuesday, reaching $22.05. The company had a trading volume of 1,232,748 shares, compared to its average volume of 1,969,061. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The firm's fifty day moving average is $20.51 and its 200-day moving average is $24.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. On average, analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.45%. Element Solutions's dividend payout ratio (DPR) is 26.89%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ESI shares. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. The Goldman Sachs Group decreased their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. UBS Group decreased their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. KeyCorp decreased their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.38.

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. This trade represents a 94.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.90% of the stock is owned by company insiders.

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.