Element Solutions Inc (NYSE:ESI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Element Solutions Inc (NYSE:ESI) by 41.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 32,720 shares of the company’s stock after selling 23,264 shares during the period. SG Americas Securities LLC’s holdings in Element Solutions were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors acquired a new position in Element Solutions in the 1st quarter valued at about $44,527,000. Cubist Systematic Strategies LLC purchased a new stake in Element Solutions during the 2nd quarter worth approximately $5,668,000. Blue Trust Inc. purchased a new stake in Element Solutions during the 2nd quarter worth approximately $613,000. Principal Financial Group Inc. lifted its holdings in Element Solutions by 243.1% during the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after buying an additional 72,145 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Element Solutions by 16.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock valued at $51,485,000 after buying an additional 298,668 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. UBS Group upped their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Stock Up 1.4 %

ESI stock opened at $25.98 on Friday. The stock has a market cap of $6.29 billion, a P/E ratio of 32.07, a PEG ratio of 1.39 and a beta of 1.29. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. Element Solutions Inc has a twelve month low of $17.57 and a twelve month high of $28.68. The company’s 50 day moving average is $25.76 and its two-hundred day moving average is $25.47.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. During the same period last year, the business earned $0.31 EPS. Element Solutions’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s payout ratio is currently 39.51%.

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.