Element Solutions Inc (NYSE:ESI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its holdings in shares of Element Solutions Inc (NYSE:ESI) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,791,645 shares of the company’s stock after selling 65,915 shares during the quarter. WCM Investment Management LLC owned 0.74% of Element Solutions worth $45,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ESI. The Manufacturers Life Insurance Company increased its position in shares of Element Solutions by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 50,883 shares of the company’s stock worth $1,380,000 after acquiring an additional 1,036 shares during the last quarter. Creative Planning increased its position in shares of Element Solutions by 24.0% during the second quarter. Creative Planning now owns 15,580 shares of the company’s stock worth $423,000 after acquiring an additional 3,020 shares during the last quarter. CWM LLC increased its position in shares of Element Solutions by 633.0% during the third quarter. CWM LLC now owns 15,041 shares of the company’s stock worth $409,000 after acquiring an additional 12,989 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of Element Solutions by 5.7% during the third quarter. Reinhart Partners LLC. now owns 1,240,887 shares of the company’s stock worth $33,702,000 after acquiring an additional 66,496 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Element Solutions by 5.6% during the third quarter. Raymond James & Associates now owns 215,914 shares of the company’s stock worth $5,864,000 after acquiring an additional 11,520 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ESI. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Performance

Shares of NYSE ESI opened at $25.36 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $26.34. The company has a market cap of $6.14 billion, a PE ratio of 22.85, a P/E/G ratio of 2.17 and a beta of 1.30. Element Solutions Inc has a 12-month low of $21.42 and a 12-month high of $29.78.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio (DPR) 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.