WCM Investment Management LLC Has $38.90 Million Stock Holdings in Element Solutions Inc. (NYSE:ESI)

WCM Investment Management LLC decreased its position in Element Solutions Inc. (NYSE:ESI - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,697,265 shares of the company's stock after selling 94,380 shares during the quarter. WCM Investment Management LLC owned 0.70% of Element Solutions worth $38,901,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC bought a new stake in shares of Element Solutions during the 1st quarter valued at about $1,031,000. Peregrine Capital Management LLC boosted its stake in Element Solutions by 2.2% in the first quarter. Peregrine Capital Management LLC now owns 674,214 shares of the company's stock valued at $15,244,000 after acquiring an additional 14,748 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Element Solutions by 1,961.2% during the first quarter. New York State Teachers Retirement System now owns 70,328 shares of the company's stock valued at $1,590,000 after purchasing an additional 66,916 shares during the last quarter. Amalgamated Bank raised its position in shares of Element Solutions by 479.7% during the 1st quarter. Amalgamated Bank now owns 67,594 shares of the company's stock worth $1,528,000 after purchasing an additional 55,933 shares during the period. Finally, KBC Group NV raised its position in shares of Element Solutions by 7.1% during the 1st quarter. KBC Group NV now owns 10,319 shares of the company's stock worth $233,000 after purchasing an additional 681 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Price Performance

Element Solutions stock traded up $0.92 during trading hours on Wednesday, hitting $24.05. 3,038,033 shares of the company traded hands, compared to its average volume of 1,994,210. The firm's 50-day simple moving average is $21.57 and its two-hundred day simple moving average is $23.38. The firm has a market cap of $5.83 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.85 and a beta of 1.23. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $29.78. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64.

Element Solutions (NYSE:ESI - Get Free Report) last announced 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. The firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.33%. Element Solutions's dividend payout ratio is currently 26.89%.

Wall Street Analysts Forecast Growth

ESI has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Barclays dropped their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Mizuho boosted their target price on shares of Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Finally, UBS Group decreased their target price 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. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.75.

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.