Peregrine Capital Management LLC Has $16.16 Million Holdings in Element Solutions Inc (NYSE:ESI)

Peregrine Capital Management LLC cut its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 698,272 shares of the company's stock after selling 199,262 shares during the quarter. Peregrine Capital Management LLC owned 0.29% of Element Solutions worth $16,158,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Element Solutions by 85.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company's stock worth $26,000 after acquiring an additional 608 shares during the last quarter. Covestor Ltd grew its position in shares of Element Solutions by 32.1% in the first quarter. Covestor Ltd now owns 2,845 shares of the company's stock valued at $62,000 after purchasing an additional 692 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Element Solutions in the first quarter valued at $101,000. Arlington Trust Co LLC purchased a new stake in shares of Element Solutions in the fourth quarter valued at $141,000. Finally, Captrust Financial Advisors grew its position in shares of Element Solutions by 86.4% in the second quarter. Captrust Financial Advisors now owns 6,232 shares of the company's stock valued at $111,000 after purchasing an additional 2,889 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ESI. UBS Group lifted their price objective on Element Solutions from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Mizuho lowered their price target on Element Solutions from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. StockNews.com raised Element Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on Element Solutions from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, March 5th. Finally, Wolfe Research assumed coverage on Element Solutions in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.60.

Insiders Place Their Bets

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the transaction, the executive vice president now owns 146,297 shares of the company's stock, valued at approximately $3,394,090.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the transaction, the executive vice president now owns 146,297 shares of the company's stock, valued at approximately $3,394,090.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Carey J. Dorman sold 1,410 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the sale, the chief financial officer now directly owns 177,113 shares in the company, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. Insiders have sold a total of 97,203 shares of company stock valued at $2,255,110 in the last quarter. Insiders own 7.90% of the company's stock.

Element Solutions Stock Up 1.5 %

Shares of NYSE:ESI traded up $0.37 during trading on Tuesday, hitting $25.72. The company's stock had a trading volume of 1,312,853 shares, compared to its average volume of 1,328,393. The company has a market capitalization of $6.22 billion, a PE ratio of 52.49, a PEG ratio of 4.10 and a beta of 1.32. Element Solutions Inc has a fifty-two week low of $17.08 and a fifty-two week high of $25.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. The stock's 50-day moving average price is $23.83 and its two-hundred day moving average price is $21.83.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $573.40 million during the quarter, compared to the consensus estimate of $590.43 million. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. Element Solutions's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, sell-side analysts expect that Element Solutions Inc will post 1.4 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 29th. Element Solutions's dividend payout ratio is currently 65.31%.

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.