Element Solutions Inc (NYSE:ESI) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Element Solutions Inc (NYSE:ESI) by 15.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,551 shares of the company’s stock after selling 4,341 shares during the quarter. Amalgamated Bank’s holdings in Element Solutions were worth $639,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESI. Richardson Financial Services Inc. purchased a new stake in Element Solutions during the 4th quarter worth $27,000. Assetmark Inc. raised its position in shares of Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after buying an additional 1,902 shares in the last quarter. LRI Investments LLC bought a new position in Element Solutions during the first quarter valued at about $78,000. Quest Partners LLC grew its position in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after buying an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 0.0 %

Shares of NYSE ESI opened at $27.01 on Friday. The firm has a market cap of $6.54 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Element Solutions Inc has a 1 year low of $17.57 and a 1 year high of $28.68. The company has a 50 day simple moving average of $25.86 and a 200 day simple moving average of $25.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating 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 company had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. During the same quarter in the previous year, the business posted $0.31 EPS. Element Solutions’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business 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. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. Element Solutions’s dividend payout ratio is presently 59.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Mizuho boosted their target price on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Finally, StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.