Quantinno Capital Management LP Sells 64,678 Shares of Element Solutions Inc. $ESI

Quantinno Capital Management LP trimmed its stake in Element Solutions Inc. (NYSE:ESI) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,384,815 shares of the company’s stock after selling 64,678 shares during the period. Quantinno Capital Management LP’s holdings in Element Solutions were worth $47,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. increased its position in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Element Solutions in the fourth quarter valued at approximately $28,000. Johnson Financial Group Inc. bought a new position in Element Solutions in the third quarter worth approximately $47,000. Measured Wealth Private Client Group LLC bought a new position in Element Solutions in the third quarter worth approximately $49,000. Finally, Quarry LP increased its holdings in Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Performance

ESI opened at $34.89 on Thursday. The company has a market cap of $8.50 billion, a P/E ratio of 47.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23. The company has a quick ratio of 1.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $41.82 and its 200-day moving average price is $37.14. Element Solutions Inc. has a 52-week low of $22.63 and a 52-week high of $49.25.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue was up 56.4% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

Wall Street Analyst Weigh In

ESI has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Tuesday. Seaport Research Partners reissued a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $45.00 price target (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $43.50.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.