Quantbot Technologies LP Sells 30,178 Shares of Element Solutions Inc (NYSE:ESI)

Quantbot Technologies LP lessened its position in shares of Element Solutions Inc (NYSE:ESI) by 35.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 54,092 shares of the company’s stock after selling 30,178 shares during the period. Quantbot Technologies LP’s holdings in Element Solutions were worth $1,376,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ESI. Avantax Advisory Services Inc. lifted its stake in Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock worth $287,000 after purchasing an additional 430 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock worth $1,698,000 after buying an additional 545 shares during the last quarter. Equitable Trust Co. boosted its stake in Element Solutions by 1.7% in the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock valued at $867,000 after buying an additional 576 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Element Solutions by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company’s stock valued at $169,000 after acquiring an additional 684 shares during the last quarter. Finally, Forte Capital LLC ADV raised its stake in Element Solutions by 6.9% during the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock worth $326,000 after acquiring an additional 830 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Barclays decreased their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. BMO Capital Markets increased their price target on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Performance

NYSE ESI opened at $25.60 on Tuesday. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $26.34. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The company has a market cap of $6.21 billion, a P/E ratio of 25.10, a PEG ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Sell-side analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. Element Solutions’s payout ratio is 31.37%.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.90% of the stock is currently owned by insiders.

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.