Great Lakes Advisors LLC Trims Stock Position in Element Solutions Inc (NYSE:ESI)

Great Lakes Advisors LLC reduced its stake in Element Solutions Inc (NYSE:ESI) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,689 shares of the company’s stock after selling 38,359 shares during the quarter. Great Lakes Advisors LLC owned about 0.36% of Element Solutions worth $15,881,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in Element Solutions by 47.1% during the fourth quarter. Royce & Associates LP now owns 2,867,260 shares of the company’s stock worth $50,837,000 after purchasing an additional 917,711 shares during the period. Alliancebernstein L.P. raised its position in shares of Element Solutions by 3,164.4% in the 4th quarter. Alliancebernstein L.P. now owns 2,861,428 shares of the company’s stock worth $50,733,000 after buying an additional 2,773,773 shares during the period. New York State Common Retirement Fund raised its position in shares of Element Solutions by 54.8% in the 4th quarter. New York State Common Retirement Fund now owns 461,916 shares of the company’s stock worth $8,190,000 after buying an additional 163,616 shares during the period. Sei Investments Co. boosted its holdings in Element Solutions by 119.2% in the fourth quarter. Sei Investments Co. now owns 372,060 shares of the company’s stock valued at $6,597,000 after acquiring an additional 202,304 shares during the last quarter. Finally, Iridian Asset Management LLC CT purchased a new stake in Element Solutions during the fourth quarter valued at about $28,527,000. Institutional investors own 85.13% of the company’s stock.

Several research firms have recently weighed in on ESI. Zacks Investment Research raised Element Solutions from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, February 11th. Morgan Stanley boosted their price objective on shares of Element Solutions from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, December 14th. Finally, TheStreet raised shares of Element Solutions from a “c” rating to a “b” rating in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Element Solutions has an average rating of “Buy” and a consensus price target of $15.17.

Shares of NYSE:ESI opened at $17.73 on Tuesday. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 1.64 and a beta of 1.86. The company has a 50 day moving average of $17.90 and a two-hundred day moving average of $14.13. Element Solutions Inc has a 52-week low of $5.35 and a 52-week high of $19.40. The company has a quick ratio of 2.43, a current ratio of 3.13 and a debt-to-equity ratio of 0.67.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Monday, March 1st will be paid a $0.05 dividend. The ex-dividend date is Friday, February 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.13%. Element Solutions’s dividend payout ratio (DPR) is presently 22.73%.

Element Solutions Profile

Element Solutions Inc produces and sells specialty chemical products the United States, China, and internationally. The company operates in two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

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Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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