Element Solutions Inc (NYSE:ESI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its stake in shares of Element Solutions Inc (NYSE:ESI) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,791,645 shares of the company’s stock after selling 65,915 shares during the period. WCM Investment Management LLC’s holdings in Element Solutions were worth $45,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ESI. Ilex Capital Partners UK LLP raised its stake in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after purchasing an additional 1,529,607 shares during the period. JPMorgan Chase & Co. raised its stake in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after purchasing an additional 1,369,981 shares during the period. Jennison Associates LLC acquired a new stake in Element Solutions during the 3rd quarter valued at $21,889,000. Appian Way Asset Management LP acquired a new stake in Element Solutions during the 3rd quarter valued at $14,553,000. Finally, Concentric Capital Strategies LP raised its stake in Element Solutions by 84.3% during the 3rd quarter. Concentric Capital Strategies LP now owns 610,609 shares of the company’s stock valued at $16,584,000 after purchasing an additional 279,345 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Down 1.1 %

Shares of NYSE:ESI opened at $25.36 on Friday. The stock has a market capitalization of $6.14 billion, a PE ratio of 22.85, a P/E/G ratio of 2.17 and a beta of 1.30. Element Solutions Inc has a 1 year low of $21.42 and a 1 year high of $29.78. The firm has a fifty day moving average price of $26.05 and a 200 day moving average price of $26.34. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio is presently 28.83%.

Wall Street Analyst Weigh In

ESI has been the topic of several recent analyst reports. Barclays cut their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Four investment 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. Based on data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $30.14.

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.