Graham Capital Management L.P. Sells 103,080 Shares of Element Solutions Inc (NYSE:ESI)

Graham Capital Management L.P. decreased its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,401 shares of the company's stock after selling 103,080 shares during the quarter. Graham Capital Management L.P.'s holdings in Element Solutions were worth $926,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ESI. Park Avenue Securities LLC increased its stake in shares of Element Solutions by 79.0% in the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock worth $1,541,000 after buying an additional 26,753 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Element Solutions in the fourth quarter valued at about $423,000. Charles Schwab Investment Management Inc. raised its stake in Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock valued at $59,224,000 after buying an additional 29,253 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock worth $1,900,000 after acquiring an additional 11,702 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $24,169,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Down 0.5%

Shares of ESI stock traded down $0.11 on Monday, reaching $22.23. 182,289 shares of the company's stock traded hands, compared to its average volume of 1,955,718. 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 12-month low of $16.77 and a 12-month high of $29.78. The business's 50 day moving average price is $21.48 and its two-hundred day moving average price is $24.76. The company has a market capitalization of $5.39 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) 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 analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Element Solutions's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ESI. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. The Goldman Sachs Group lowered 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. BMO Capital Markets decreased their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.38.

Insider Buying and Selling at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.