Reinhart Partners LLC. Has $32.43 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Reinhart Partners LLC. grew its position in Element Solutions Inc (NYSE:ESI) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,275,161 shares of the company’s stock after purchasing an additional 34,274 shares during the quarter. Reinhart Partners LLC.’s holdings in Element Solutions were worth $32,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in Element Solutions during the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after buying an additional 864 shares in the last quarter. Quest Partners LLC lifted its position in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after buying an additional 3,212 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Element Solutions during the 3rd quarter worth about $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 1.5 %

NYSE ESI traded down $0.38 during trading hours on Monday, reaching $25.00. 459,438 shares of the company’s stock were exchanged, compared to its average volume of 1,299,102. The company’s 50-day moving average is $27.17 and its two-hundred day moving average is $26.56. Element Solutions Inc has a one year low of $21.42 and a one year high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

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

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 28.83%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ESI. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays upped their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Two equities 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. Based on data from MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Element Solutions 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.