SG Americas Securities LLC Sells 21,542 Shares of Element Solutions Inc. $ESI

SG Americas Securities LLC lessened its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 67.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,612 shares of the company’s stock after selling 21,542 shares during the period. SG Americas Securities LLC’s holdings in Element Solutions were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ESI. Los Angeles Capital Management LLC acquired a new stake in Element Solutions in the 4th quarter valued at approximately $28,000. Community Bank N.A. acquired a new position in shares of Element Solutions during the third quarter worth approximately $33,000. Johnson Financial Group Inc. acquired a new position in shares of Element Solutions during the third quarter worth approximately $47,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Element Solutions in the third quarter valued at approximately $49,000. Finally, Quarry LP boosted its position in shares of Element Solutions by 27.3% in the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after acquiring an additional 431 shares during the period. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of ESI stock opened at $40.61 on Friday. Element Solutions Inc. has a 12 month low of $22.63 and a 12 month high of $49.25. The company has a market capitalization of $9.89 billion, a P/E ratio of 65.50, a P/E/G ratio of 1.37 and a beta of 1.23. The stock has a 50 day moving average of $43.15 and a two-hundred day moving average of $35.96. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.Element Solutions’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts expect that Element Solutions Inc. will post 1.78 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s payout ratio is 51.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ESI. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. UBS Group increased their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho raised their price target on shares of Element Solutions from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Finally, Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Element Solutions currently has an average rating of “Buy” and a consensus price target of $44.29.

Element Solutions 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.