Segall Bryant & Hamill LLC Sells 416,138 Shares of Element Solutions Inc. $ESI

Segall Bryant & Hamill LLC cut its holdings in Element Solutions Inc. (NYSE:ESI) by 18.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,819,380 shares of the company’s stock after selling 416,138 shares during the quarter. Element Solutions accounts for 0.8% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 12th biggest holding. Segall Bryant & Hamill LLC’s holdings in Element Solutions were worth $62,114,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in Element Solutions by 60.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock worth $42,825,000 after acquiring an additional 712,466 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Element Solutions by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock worth $19,726,000 after acquiring an additional 37,204 shares in the last quarter. Focus Partners Wealth acquired a new stake in Element Solutions in the first quarter worth $400,000. Finally, Amundi grew its holdings in Element Solutions by 258,233.3% in the second quarter. Amundi now owns 93,000 shares of the company’s stock worth $2,237,000 after purchasing an additional 92,964 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Truist Financial raised their target price on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Tuesday. UBS Group upped their price target on Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Mizuho reiterated a “neutral” rating and issued a $45.00 price target (down from $54.00) on shares of Element Solutions in a report on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Element Solutions currently has a consensus rating of “Buy” and a consensus price target of $43.50.

Element Solutions Stock Performance

Shares of ESI stock opened at $36.69 on Friday. The firm has a market capitalization of $8.94 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. The firm has a fifty day simple moving average of $41.65 and a two-hundred day simple moving average of $37.19. The company has a current ratio of 2.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.73. Element Solutions Inc. has a 12 month low of $22.63 and a 12 month high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business’s revenue was up 56.4% on a year-over-year basis. Analysts forecast that Element Solutions Inc. will post 1.79 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, June 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

Element Solutions 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.