Duality Advisers LP Sells 25,372 Shares of Element Solutions Inc (NYSE:ESI)

Duality Advisers LP cut its holdings in Element Solutions Inc (NYSE:ESI) by 34.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,425 shares of the company’s stock after selling 25,372 shares during the period. Duality Advisers LP’s holdings in Element Solutions were worth $916,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in shares of Element Solutions by 2,609.2% in the fourth quarter. Neuberger Berman Group LLC now owns 1,635,422 shares of the company’s stock worth $29,748,000 after purchasing an additional 1,575,056 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Element Solutions in the first quarter valued at about $28,075,000. Norges Bank bought a new position in shares of Element Solutions during the fourth quarter valued at about $23,205,000. Vanguard Group Inc. boosted its holdings in shares of Element Solutions by 5.0% during the first quarter. Vanguard Group Inc. now owns 20,627,823 shares of the company’s stock worth $451,749,000 after purchasing an additional 984,222 shares during the period. Finally, FMR LLC grew its stake in shares of Element Solutions by 5.9% in the first quarter. FMR LLC now owns 14,663,724 shares of the company’s stock worth $283,157,000 after purchasing an additional 810,879 shares during the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of ESI stock opened at $19.53 on Monday. The company’s fifty day moving average price is $20.07 and its 200-day moving average price is $19.14. The stock has a market cap of $4.72 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.94 and a beta of 1.30. The company has a current ratio of 3.32, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. Element Solutions Inc has a 12 month low of $15.31 and a 12 month high of $21.90.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Element Solutions had a net margin of 5.90% and a return on equity of 13.13%. The business had revenue of $586.10 million for the quarter, compared to analyst estimates of $611.13 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Element Solutions’s quarterly revenue was down 13.4% on a year-over-year basis. On average, equities analysts expect that Element Solutions Inc will post 1.3 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, August 31st. Element Solutions’s payout ratio is 56.14%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ESI shares. BMO Capital Markets assumed coverage on Element Solutions in a report on Tuesday, June 20th. They issued an “outperform” rating and a $23.00 price objective for the company. Mizuho lifted their price target on shares of Element Solutions from $21.00 to $22.00 in a report on Friday, July 28th. Finally, StockNews.com began coverage on shares of Element Solutions in a report on Thursday, August 17th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.21.

Element Solutions 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.