New South Capital Management Inc. Has $49.91 Million Position in Element Solutions Inc (NYSE:ESI)

New South Capital Management Inc. cut its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,840,236 shares of the company’s stock after selling 30,866 shares during the period. Element Solutions comprises approximately 2.2% of New South Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. New South Capital Management Inc. owned approximately 0.76% of Element Solutions worth $49,907,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors bought a new stake in shares of Element Solutions in the first quarter worth $44,527,000. Glenview Capital Management LLC lifted its holdings in Element Solutions by 35.2% during the 4th quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock worth $87,067,000 after buying an additional 979,798 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of Element Solutions by 10,622.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock valued at $19,636,000 after buying an additional 840,653 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Element Solutions by 39.4% in the fourth quarter. Schroder Investment Management Group now owns 1,538,278 shares of the company’s stock valued at $35,596,000 after buying an additional 434,590 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of Element Solutions by 493.3% during the fourth quarter. Verition Fund Management LLC now owns 505,167 shares of the company’s stock worth $11,690,000 after acquiring an additional 420,017 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Down 3.4 %

Element Solutions stock opened at $24.98 on Friday. The company has a market capitalization of $6.05 billion, a PE ratio of 46.26, a PEG ratio of 1.25 and a beta of 1.29. Element Solutions Inc has a 12-month low of $17.57 and a 12-month high of $28.68. The firm’s fifty day moving average is $26.33 and its 200 day moving average is $25.11. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, sell-side analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is currently 59.26%.

Wall Street Analyst Weigh In

ESI has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 target price (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. UBS Group upped their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Mizuho boosted their target price on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.