QRG Capital Management Inc. Sells 27,857 Shares of Element Solutions Inc. $ESI

QRG Capital Management Inc. lessened its position in Element Solutions Inc. (NYSE:ESI) by 76.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,711 shares of the company’s stock after selling 27,857 shares during the period. QRG Capital Management Inc.’s holdings in Element Solutions were worth $297,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ESI. Los Angeles Capital Management LLC bought a new stake in shares of Element Solutions during the fourth quarter worth about $28,000. Community Bank N.A. bought a new position in Element Solutions in the 3rd quarter valued at approximately $33,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions during the 3rd quarter worth approximately $47,000. Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions during the 3rd quarter worth approximately $49,000. Finally, Quarry LP boosted its position in Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 1.7%

Shares of NYSE:ESI traded down $0.69 during trading on Friday, reaching $39.88. The stock had a trading volume of 5,994,184 shares, compared to its average volume of 5,765,437. Element Solutions Inc. has a 52 week low of $22.63 and a 52 week high of $49.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The firm’s fifty day moving average is $43.09 and its 200 day moving average is $35.98. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 64.32, a P/E/G ratio of 1.39 and a beta of 1.23.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. Element Solutions’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities analysts forecast that Element Solutions Inc. will post 1.79 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.08 dividend. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

ESI has been the subject of several recent research reports. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Truist Financial lifted their price target on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho boosted their price objective on shares of Element Solutions from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. UBS Group increased their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.