Oak Thistle LLC Sells 17,295 Shares of Element Solutions Inc (NYSE:ESI)

Oak Thistle LLC reduced its position in shares of Element Solutions Inc (NYSE:ESI) by 37.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,637 shares of the company’s stock after selling 17,295 shares during the period. Oak Thistle LLC’s holdings in Element Solutions were worth $728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of Element Solutions in the second quarter valued at approximately $453,000. Victory Capital Management Inc. increased its holdings in Element Solutions by 28.4% during the 2nd quarter. Victory Capital Management Inc. now owns 59,627 shares of the company’s stock valued at $1,617,000 after purchasing an additional 13,193 shares in the last quarter. Acadian Asset Management LLC bought a new position in Element Solutions in the 2nd quarter valued at $516,000. Quest Partners LLC boosted its stake in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Element Solutions by 20.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 60,746 shares of the company’s stock worth $1,647,000 after purchasing an additional 10,519 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESI has been the topic of several research reports. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Barclays raised their price target 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. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Element Solutions Price Performance

ESI opened at $25.54 on Thursday. The company has a fifty day moving average price of $26.99 and a two-hundred day moving average price of $26.53. The firm has a market capitalization of $6.18 billion, a PE ratio of 23.01, a P/E/G ratio of 1.51 and a beta of 1.30. Element Solutions Inc has a 52 week low of $21.42 and a 52 week high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.25%. Element Solutions’s dividend payout ratio is 28.83%.

About Element Solutions

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.