SG Americas Securities LLC Has $362,000 Stock Holdings in Element Solutions Inc. $ESI

SG Americas Securities LLC decreased its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 67.0% in the first quarter, Holdings Channel reports. The firm owned 10,612 shares of the company’s stock after selling 21,542 shares during the quarter. SG Americas Securities LLC’s holdings in Element Solutions were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $28,000. Community Bank N.A. bought a new position in shares of Element Solutions during the 3rd quarter worth approximately $33,000. Johnson Financial Group Inc. bought a new position in shares of Element Solutions during the 3rd quarter worth approximately $47,000. Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions in the 3rd quarter valued at $49,000. Finally, Quarry LP boosted its stake in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after buying an additional 431 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $40.61 on Friday. The business has a fifty day moving average of $43.15 and a 200-day moving average of $35.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. Element Solutions Inc. has a twelve month low of $22.63 and a twelve month high of $49.25. The firm has a market cap of $9.89 billion, a PE ratio of 65.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23.

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

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions’s payout ratio is currently 51.61%.

Analyst Ratings Changes

Several research firms have issued reports on ESI. Mizuho increased their price objective on Element Solutions from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. UBS Group increased their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets lifted their price target on shares of Element Solutions from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday. Finally, Seaport Research Partners reissued a “buy” rating and set a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Element Solutions has an average rating of “Buy” and an average target price of $44.29.

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.