Peregrine Capital Management LLC Sells 41,109 Shares of Element Solutions Inc (NYSE:ESI)

Peregrine Capital Management LLC lessened its stake in shares of Element Solutions Inc (NYSE:ESI) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,466 shares of the company’s stock after selling 41,109 shares during the quarter. Peregrine Capital Management LLC owned about 0.27% of Element Solutions worth $16,770,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ESI. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter worth $25,000. Trust Co. of Vermont bought a new position in Element Solutions in the 4th quarter valued at about $43,000. UMB Bank n.a. boosted its stake in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after purchasing an additional 911 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Element Solutions in the fourth quarter worth approximately $87,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESI has been the subject of several recent research reports. BMO Capital Markets upped their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays reduced their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Bank of America restated a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Trading Up 0.1 %

NYSE:ESI opened at $26.11 on Tuesday. The firm’s 50 day moving average is $25.81 and its 200 day moving average is $26.30. Element Solutions Inc has a 12 month low of $21.42 and a 12 month high of $29.78. The stock has a market capitalization of $6.32 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. Element Solutions’s payout ratio is 28.83%.

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.