Vaughan Nelson Investment Management L.P. Cuts Position in Element Solutions Inc (NYSE:ESI)

Vaughan Nelson Investment Management L.P. lessened its position in Element Solutions Inc (NYSE:ESI) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,999,689 shares of the company’s stock after selling 106,865 shares during the quarter. Element Solutions accounts for approximately 1.2% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 25th largest holding. Vaughan Nelson Investment Management L.P. owned about 2.06% of Element Solutions worth $135,792,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ESI. US Bancorp DE grew its position in shares of Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after buying an additional 417 shares during the last quarter. Signaturefd LLC increased its position in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares during the period. Equitable Trust Co. lifted its position in shares of Element Solutions by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after purchasing an additional 733 shares during the period. QRG Capital Management Inc. increased its position in shares of Element Solutions by 7.5% during the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after buying an additional 798 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Element Solutions by 39.4% in the second 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. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ESI shares. Barclays lifted their price target on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. 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, BMO Capital Markets boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Trading Down 0.6 %

Element Solutions stock opened at $28.07 on Friday. Element Solutions Inc has a one year low of $20.17 and a one year high of $29.16. The business’s fifty day moving average is $26.53 and its 200 day moving average is $25.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market capitalization of $6.80 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.14%. Element Solutions’s dividend payout ratio (DPR) is currently 28.83%.

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.