Vaughan Nelson Investment Management L.P. cut its stake in Element Solutions Inc. (NYSE:ESI - Free Report) by 8.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,763,800 shares of the company's stock after selling 445,330 shares during the period. Element Solutions makes up approximately 1.1% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 27th biggest position. Vaughan Nelson Investment Management L.P. owned 1.96% of Element Solutions worth $107,709,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ESI. TD Private Client Wealth LLC acquired a new position in shares of Element Solutions during the fourth quarter valued at about $27,000. Park Square Financial Group LLC bought a new position in Element Solutions during the fourth quarter valued at about $28,000. First Horizon Advisors Inc. increased its stake in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after acquiring an additional 971 shares during the period. Parkside Financial Bank & Trust acquired a new position in Element Solutions in the 4th quarter valued at approximately $48,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $68,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ESI has been the topic of a number of research reports. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BMO Capital Markets lowered 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. KeyCorp dropped 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 note on Monday, April 14th. Finally, Mizuho raised their price objective on shares of Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Element Solutions currently has an average rating of "Moderate Buy" and an average target price of $25.75.
Read Our Latest Analysis on Element Solutions
Element Solutions Price Performance
NYSE:ESI traded up $0.04 during trading hours on Wednesday, reaching $21.47. The company had a trading volume of 1,075,958 shares, compared to its average volume of 1,951,434. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $20.84 and a two-hundred day moving average of $23.76. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The firm has a market capitalization of $5.21 billion, a PE ratio of 18.04, a PEG ratio of 1.76 and a beta of 1.23.
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, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The company had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the previous year, the company earned $0.34 EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year.
Element Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.08 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.
Element Solutions Company Profile
(
Free Report)
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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