Element Solutions Inc (NYSE:ESI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Element Solutions Inc (NYSE:ESI) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,794 shares of the company’s stock after selling 8,833 shares during the quarter. Victory Capital Management Inc.’s holdings in Element Solutions were worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESI. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Element Solutions by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock valued at $143,458,000 after acquiring an additional 676,432 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Element Solutions by 6.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock worth $138,490,000 after purchasing an additional 315,645 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after buying an additional 2,355,554 shares during the period. WCM Investment Management LLC grew its stake in shares of Element Solutions by 2.3% in the third quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company’s stock valued at $50,173,000 after buying an additional 41,309 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Element Solutions by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,259,088 shares of the company’s stock valued at $31,453,000 after buying an additional 41,718 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. BMO Capital Markets boosted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays increased their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Price Performance

Shares of NYSE ESI opened at $29.33 on Tuesday. The stock’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $26.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The firm has a market capitalization of $7.10 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. Element Solutions Inc has a fifty-two week low of $20.31 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

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.