Element Solutions Inc. $ESI Shares Sold by London Co. of Virginia

London Co. of Virginia lessened its stake in Element Solutions Inc. (NYSE:ESI) by 23.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,005,972 shares of the company’s stock after selling 309,499 shares during the period. London Co. of Virginia owned 0.42% of Element Solutions worth $25,139,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ESI. Millennium Management LLC increased its position in Element Solutions by 339.3% in the 1st quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock valued at $10,098,000 after acquiring an additional 344,950 shares during the period. Goldman Sachs Group Inc. increased its position in Element Solutions by 60.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Element Solutions by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth acquired a new position in Element Solutions in the 1st quarter valued at about $400,000. Finally, Amundi increased its position in Element Solutions by 258,233.3% in the 2nd quarter. Amundi now owns 93,000 shares of the company’s stock valued at $2,237,000 after acquiring an additional 92,964 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $44.63 on Wednesday. The business’s 50 day simple moving average is $40.80 and its 200-day simple moving average is $33.73. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 71.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions Inc. has a 12 month low of $21.28 and a 12 month high of $45.91.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. As a group, equities analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. Element Solutions’s payout ratio is 51.61%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ESI. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Seaport Research Partners restated a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price objective on shares of Element Solutions in a report on Monday, February 23rd. Finally, KeyCorp lifted their price objective on Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $39.57.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.