Element Solutions Inc (NYSE:ESI) Position Lessened by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC reduced its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 60.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,425 shares of the company's stock after selling 25,088 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Element Solutions were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Silvercrest Asset Management Group LLC raised 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 acquiring an additional 146,570 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Element Solutions by 82.1% in the 4th quarter. Point72 Asset Management L.P. now owns 649,717 shares of the company's stock worth $16,522,000 after buying an additional 292,839 shares during the last quarter. Polar Asset Management Partners Inc. lifted its stake in Element Solutions by 61.6% during the fourth quarter. Polar Asset Management Partners Inc. now owns 162,075 shares of the company's stock worth $4,122,000 after purchasing an additional 61,775 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Element Solutions by 69.8% in the fourth quarter. Quantinno Capital Management LP now owns 109,263 shares of the company's stock worth $2,779,000 after buying an additional 44,931 shares in the last quarter. Finally, Numerai GP LLC purchased a new stake in shares of Element Solutions in the 4th quarter valued at $259,000. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 3.6%

NYSE:ESI traded down $0.80 on Wednesday, reaching $21.38. 2,479,980 shares of the company's stock were exchanged, compared to its average volume of 1,966,095. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78. The business has a fifty day moving average of $21.27 and a 200-day moving average of $24.69.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate 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 was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.50%. Element Solutions's payout ratio is 26.89%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and cut their target price for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. KeyCorp decreased their price target on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. BMO Capital Markets dropped their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Barclays cut their target price 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Element Solutions currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Insider Activity

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. This represents a 94.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.90% of the company's stock.

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.