State of Wyoming Has $482,000 Stake in Element Solutions Inc. $ESI

Key Points

• The State of Wyoming has reduced its investment in Element Solutions Inc. by 55.1% in the first quarter, now holding shares worth $482,000.
• Element Solutions reported earnings of $0.37 EPS, exceeding analysts' estimates, with revenue of $625.20 million for the quarter.
• The company announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 1.2%.

State of Wyoming decreased its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 55.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,313 shares of the company's stock after selling 26,139 shares during the period. State of Wyoming's holdings in Element Solutions were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Element Solutions by 12.1% during the first quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company's stock worth $563,732,000 after buying an additional 2,688,056 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Element Solutions by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after buying an additional 146,570 shares in the last quarter. Locust Wood Capital Advisers LLC increased its holdings in shares of Element Solutions by 15.9% during the first quarter. Locust Wood Capital Advisers LLC now owns 3,680,449 shares of the company's stock worth $83,215,000 after buying an additional 505,983 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Element Solutions by 31.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,753,606 shares of the company's stock worth $62,259,000 after buying an additional 651,251 shares in the last quarter. Finally, Gates Capital Management Inc. increased its holdings in shares of Element Solutions by 5.3% during the fourth quarter. Gates Capital Management Inc. now owns 2,686,495 shares of the company's stock worth $68,318,000 after buying an additional 134,465 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Performance

ESI stock opened at $25.71 on Friday. The company has a 50 day moving average price of $24.22 and a 200 day moving average price of $23.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.10 and a quick ratio of 3.30. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The stock has a market capitalization of $6.21 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The firm had revenue of $625.20 million during the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the previous year, the business earned $0.36 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Element Solutions's payout ratio is currently 32.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on ESI. Mizuho raised their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. KeyCorp boosted their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $27.38.

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.

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