Element Solutions Inc (NYSE:ESI) Position Lowered by Fenimore Asset Management Inc

Fenimore Asset Management Inc reduced its position in Element Solutions Inc (NYSE:ESI) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 616,888 shares of the company’s stock after selling 3,698 shares during the period. Fenimore Asset Management Inc’s holdings in Element Solutions were worth $15,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position in shares of Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after acquiring an additional 230,793 shares in the last quarter. Geode Capital Management LLC lifted its stake in Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after purchasing an additional 18,791 shares during the last quarter. Ilex Capital Partners UK LLP boosted its holdings in Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after purchasing an additional 1,529,607 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Element Solutions by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock valued at $62,458,000 after purchasing an additional 38,859 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Element Solutions by 2.8% during the third quarter. Segall Bryant & Hamill LLC now owns 2,000,181 shares of the company’s stock worth $54,325,000 after purchasing an additional 53,781 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 0.4 %

Shares of Element Solutions stock opened at $26.08 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. Element Solutions Inc has a 1-year low of $21.42 and a 1-year high of $29.78. The business’s fifty day moving average price is $26.65 and its two-hundred day moving average price is $26.48. The company has a market capitalization of $6.32 billion, a P/E ratio of 23.49, a PEG ratio of 2.12 and a beta of 1.30.

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, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

Analysts Set New Price Targets

ESI has been the subject of several research reports. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Bank of America restated a “neutral” rating and issued a $28.00 target price (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets increased their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.83.

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.