Oak Thistle LLC Has $728,000 Holdings in Element Solutions Inc (NYSE:ESI)

Oak Thistle LLC trimmed its holdings in Element Solutions Inc (NYSE:ESI) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,637 shares of the company’s stock after selling 17,295 shares during the period. Oak Thistle LLC’s holdings in Element Solutions were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ESI. True Wealth Design LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at about $25,000. Quarry LP bought a new position in Element Solutions in the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after buying an additional 864 shares during the period. Quest Partners LLC increased its position in shares of Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in shares of Element Solutions during the third quarter worth $113,000. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Up 2.7 %

NYSE ESI opened at $25.54 on Thursday. Element Solutions Inc has a 12 month low of $21.42 and a 12 month high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $26.99 and a 200-day moving average of $26.53. The company has a market cap of $6.18 billion, a PE ratio of 23.01, a PEG ratio of 1.51 and a beta of 1.30.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. On average, equities research analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.25%. Element Solutions’s dividend payout ratio is 28.83%.

Analyst Ratings Changes

Several equities research analysts recently commented on ESI shares. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets upped their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.