Y Intercept Hong Kong Ltd Cuts Stock Position in Element Solutions Inc (NYSE:ESI)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Element Solutions Inc (NYSE:ESI) by 64.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,051 shares of the company’s stock after selling 34,486 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Element Solutions were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ESI. True Wealth Design LLC purchased a new position in Element Solutions during the third quarter valued at $25,000. Quarry LP acquired a new position in shares of Element Solutions during the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after buying an additional 864 shares in the last quarter. Quest Partners LLC boosted its holdings in Element Solutions by 14,600.0% in the 2nd 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 increased its stake in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analysts Set New Price Targets

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

Element Solutions Stock Down 1.9 %

Shares of ESI opened at $27.29 on Monday. Element Solutions Inc has a 52-week low of $21.42 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $26.55. The company has a market capitalization of $6.61 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, December 2nd. Element Solutions’s payout ratio is presently 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.