Element Solutions Inc. $ESI Shares Sold by Comerica Bank

Comerica Bank trimmed its position in shares of Element Solutions Inc. (NYSE:ESI) by 17.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,523 shares of the company’s stock after selling 14,096 shares during the quarter. Comerica Bank’s holdings in Element Solutions were worth $1,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ESI. Invesco Ltd. boosted its holdings in Element Solutions by 68.6% during the 3rd quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock valued at $123,905,000 after acquiring an additional 2,003,724 shares during the period. Scopus Asset Management L.P. boosted its holdings in Element Solutions by 134.6% during the 2nd quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after acquiring an additional 1,965,691 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Element Solutions by 253.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock valued at $59,146,000 after acquiring an additional 1,684,994 shares during the period. Merewether Investment Management LP purchased a new position in Element Solutions during the 2nd quarter valued at about $28,031,000. Finally, Schroder Investment Management Group boosted its holdings in Element Solutions by 167.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,820,902 shares of the company’s stock valued at $45,486,000 after acquiring an additional 1,138,927 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of ESI opened at $42.25 on Friday. 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 1 year low of $20.80 and a 1 year high of $44.90. The stock has a market capitalization of $10.29 billion, a PE ratio of 68.14, a PEG ratio of 1.54 and a beta of 1.27. The stock has a 50-day simple moving average of $35.74 and a 200-day simple moving average of $30.55.

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

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, March 2nd. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Insider Buying and Selling at Element Solutions

In other news, Director E Stanley Oneal sold 143,564 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the sale, the director owned 147,832 shares of the company’s stock, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho raised their target price on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price objective on shares of Element Solutions in a research note 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 research note on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Element Solutions has an average rating of “Buy” and a consensus 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.