New South Capital Management Inc. Has $49.78 Million Stake in Element Solutions Inc (NYSE:ESI)

New South Capital Management Inc. decreased its holdings in shares of Element Solutions Inc (NYSE:ESI) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,832,774 shares of the company’s stock after selling 7,462 shares during the quarter. Element Solutions comprises approximately 2.0% of New South Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. New South Capital Management Inc. owned about 0.76% of Element Solutions worth $49,778,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in shares of 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 during the period. Quest Partners LLC grew its position in shares of 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 during the period. LRI Investments LLC acquired a new stake in shares of Element Solutions during the 1st quarter worth approximately $78,000. Finally, Signaturefd LLC grew its holdings in Element Solutions by 13.8% during the second 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. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI traded down $0.22 on Tuesday, hitting $28.52. 9,168 shares of the stock were exchanged, compared to its average volume of 1,366,705. 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 business’s fifty day moving average is $26.27 and its 200 day moving average is $25.79. Element Solutions Inc has a 52 week low of $19.11 and a 52 week high of $29.16. The company has a market capitalization of $6.91 billion, a PE ratio of 25.89, a P/E/G ratio of 1.58 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million for 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 company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Research analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 annualized dividend and a dividend yield of 1.12%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

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.