Element Solutions Inc. $ESI Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Element Solutions Inc. (NYSE:ESI) by 13.2% in the 4th quarter, HoldingsChannel reports. The fund owned 465,598 shares of the company’s stock after selling 70,804 shares during the period. Corient Private Wealth LLC’s holdings in Element Solutions were worth $11,638,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ESI. Los Angeles Capital Management LLC acquired a new position in Element Solutions in the fourth quarter valued at $28,000. Community Bank N.A. purchased a new position in Element Solutions during the third quarter worth about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions in the 3rd quarter worth about $41,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions in the 3rd quarter worth about $47,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Element Solutions in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI stock opened at $46.01 on Wednesday. The company’s fifty day simple moving average is $41.84 and its 200-day simple moving average is $34.45. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. Element Solutions Inc. has a 52 week low of $22.08 and a 52 week high of $49.25. The company has a market cap of $11.21 billion, a PE ratio of 74.21, a P/E/G ratio of 1.71 and a beta of 1.25.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. Element Solutions’s payout ratio is currently 51.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. UBS Group boosted their target price on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Three investment 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, Element Solutions currently has an average rating of “Buy” and an average price target of $39.57.

About Element Solutions

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.