3 days Ago By ABMN Staff
California Public Employees Retirement System lessened its position in shares of Element Solutions Inc ( NYSE:ESI – Free Report ) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,115 shares of the company’s stock after selling 35,711 shares during the quarter.
California Public Employees Retirement System’s holdings in Element Solutions were worth $10,785,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc.
raised its position in Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc.
now owns 11,297 shares of the company’s stock worth $287,000 after purchasing an additional 430 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Element Solutions by 0.8% in the 4th quarter.
Arizona State Retirement System now owns 66,761 shares of the company’s stock valued at $1,698,000 after purchasing an additional 545 shares during the period. Equitable Trust Co. raised its holdings in shares of Element Solutions by 1.
7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock worth $867,000 after buying an additional 576 shares in the last quarter.
PNC Financial Services Group Inc. lifted its position in shares of Element Solutions by 11.5% during the 4th quarter.
PNC Financial Services Group Inc. now owns 6,644 shares of the company’s stock worth $169,000 after buying an additional 684 shares during the period. Finally, Forte Capital LLC ADV boosted its stake in Element Solutions by 6.
9% in the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock valued at $326,000 after buying an additional 830 shares in the last quarter. 92.
32% of the stock is currently owned by institutional investors. Insider Activity at Element Solutions In other news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 19th.
The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00.
Following the completion of the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 7.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In Get Our Latest Stock Analysis on ESI Element Solutions Stock Down 9.4 % Shares of NYSE ESI opened at $18.24 on Monday.
Element Solutions Inc has a 1 year low of $17.72 and a 1 year high of $29.78.
The firm’s 50-day moving average is $25.18 and its 200-day moving average is $26.16.
The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.
76. The firm has a market capitalization of $4.42 billion, a PE ratio of 17.
88, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.
Element Solutions ( NYSE:ESI – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.
35. Element Solutions had a net margin of 9.94% and a return on equity of 14.
68%. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.
24 million. Equities analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.
Element Solutions Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share.
The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.
75%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.
About Element Solutions ( Free Report ) 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.
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