Parkside Investments LLC Sells 34,875 Shares of Element Solutions Inc (NYSE:ESI)

Parkside Investments LLC lowered its holdings in shares of Element Solutions Inc (NYSE:ESI) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 389,108 shares of the company’s stock after selling 34,875 shares during the period. Element Solutions comprises 1.5% of Parkside Investments LLC’s holdings, making the stock its 24th largest holding. Parkside Investments LLC’s holdings in Element Solutions were worth $9,720,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in shares of Element Solutions during the fourth quarter valued at $27,000. SRS Capital Advisors Inc. raised its stake in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after acquiring an additional 1,278 shares during the last quarter. CWM LLC raised its stake in shares of Element Solutions by 95.9% during the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after acquiring an additional 886 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after buying an additional 684 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after buying an additional 1,902 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group lifted their target price on shares of Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. UBS Group lifted their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price target (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Finally, Wolfe Research initiated coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.80.

Element Solutions Stock Up 1.2 %

Shares of NYSE ESI traded up $0.32 during mid-day trading on Wednesday, reaching $27.03. 362,129 shares of the company’s stock traded hands, compared to its average volume of 1,396,772. The stock has a market cap of $6.54 billion, a P/E ratio of 49.89, a PEG ratio of 1.30 and a beta of 1.29. The business has a 50-day simple moving average of $24.46 and a 200 day simple moving average of $23.76. Element Solutions Inc has a 1-year low of $17.57 and a 1-year high of $27.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, analysts expect that Element Solutions Inc will post 1.43 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

About Element Solutions

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.