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Element Solutions Inc (NYSE:ESI) Holdings Reduced by Capital Fund Management S.A.

Defense World ·  Sep 4, 2022 06:21

Capital Fund Management S.A. lessened its holdings in shares of Element Solutions Inc (NYSE:ESI – Get Rating) by 13.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,683 shares of the company's stock after selling 6,664 shares during the period. Capital Fund Management S.A.'s holdings in Element Solutions were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ESI. PYA Waltman Capital LLC grew its position in Element Solutions by 1.1% in the 1st quarter. PYA Waltman Capital LLC now owns 47,848 shares of the company's stock valued at $1,048,000 after buying an additional 510 shares in the last quarter. Equitable Trust Co. increased its stake in shares of Element Solutions by 2.5% during the first quarter. Equitable Trust Co. now owns 22,831 shares of the company's stock valued at $500,000 after acquiring an additional 547 shares during the period. Synovus Financial Corp raised its holdings in Element Solutions by 0.9% during the fourth quarter. Synovus Financial Corp now owns 64,485 shares of the company's stock worth $1,568,000 after purchasing an additional 578 shares in the last quarter. UMB Bank N A MO acquired a new stake in Element Solutions in the fourth quarter worth approximately $25,000. Finally, US Bancorp DE boosted its stake in Element Solutions by 19.1% during the 1st quarter. US Bancorp DE now owns 6,710 shares of the company's stock valued at $147,000 after purchasing an additional 1,078 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have recently weighed in on ESI shares. Barclays upgraded Element Solutions from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $24.00 to $22.00 in a report on Monday, July 11th. StockNews.com upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a research report on Friday, July 29th. Finally, Mizuho lowered their price objective on shares of Element Solutions from $29.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, July 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.25.

Element Solutions Trading Up 0.3 %

Shares of NYSE ESI opened at $18.25 on Friday. The business has a fifty day simple moving average of $18.89 and a 200-day simple moving average of $20.45. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 0.93 and a beta of 1.39. Element Solutions Inc has a 12 month low of $16.25 and a 12 month high of $26.92. The company has a quick ratio of 2.28, a current ratio of 3.13 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Element Solutions had a net margin of 6.15% and a return on equity of 13.99%. The company had revenue of $677.00 million during the quarter, compared to analysts' expectations of $681.97 million. During the same period last year, the company posted $0.35 earnings per share. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that Element Solutions Inc will post 1.53 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.75%. Element Solutions's payout ratio is currently 49.23%.

About Element Solutions

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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.

Further Reading

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