Natixis Advisors LLC Sells 22,845 Shares of Element Solutions Inc. $ESI

Natixis Advisors LLC trimmed its position in Element Solutions Inc. (NYSE:ESI) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 858,509 shares of the company’s stock after selling 22,845 shares during the period. Natixis Advisors LLC owned about 0.35% of Element Solutions worth $21,454,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ESI. Millennium Management LLC grew its position in shares of Element Solutions by 339.3% during 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 during the period. Goldman Sachs Group Inc. grew its position in shares of Element Solutions by 60.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Element Solutions by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $400,000. Finally, Amundi grew its position in shares of Element Solutions by 258,233.3% during the 2nd quarter. Amundi now owns 93,000 shares of the company’s stock valued at $2,237,000 after acquiring an additional 92,964 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

NYSE ESI opened at $39.78 on Friday. Element Solutions Inc. has a 1 year low of $20.95 and a 1 year high of $45.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The stock has a market capitalization of $9.69 billion, a PE ratio of 64.16, a P/E/G ratio of 1.47 and a beta of 1.25. The company’s 50 day simple moving average is $39.59 and its two-hundred day simple moving average is $32.79.

Element Solutions (NYSE:ESI) last posted its 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 analysts’ expectations of $710.51 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. Analysts predict that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Analysts Set New Price Targets

ESI has been the subject of a number of research reports. Mizuho increased their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Seaport Research Partners reissued a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. KeyCorp upped their price target on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Element Solutions in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $39.57.

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.