Parkside Investments LLC Sells 7,115 Shares of Element Solutions Inc (NYSE:ESI)

Parkside Investments LLC lessened its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 394,622 shares of the company’s stock after selling 7,115 shares during the quarter. Element Solutions comprises about 1.5% of Parkside Investments LLC’s investment portfolio, making the stock its 26th biggest holding. Parkside Investments LLC owned 0.16% of Element Solutions worth $10,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in Element Solutions in the third quarter valued at about $25,000. Quarry LP purchased a new stake in shares of Element Solutions during the 2nd quarter valued at about $31,000. Trust Co. of Vermont purchased a new stake in shares of Element Solutions during the 4th quarter valued at about $43,000. UMB Bank n.a. lifted its stake in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of Element Solutions in the third quarter worth approximately $113,000. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays decreased their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Three 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Element Solutions Stock Down 0.4 %

Shares of ESI opened at $26.08 on Monday. The business’s 50 day moving average is $26.65 and its 200 day moving average is $26.47. 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 Inc has a 12-month low of $21.42 and a 12-month high of $29.78. The company has a market capitalization of $6.32 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. Element Solutions’s dividend payout ratio is currently 28.83%.

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.