Reinhart Partners LLC. Has $32.43 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Reinhart Partners LLC. raised its stake in shares of Element Solutions Inc (NYSE:ESI) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,275,161 shares of the company’s stock after purchasing an additional 34,274 shares during the period. Reinhart Partners LLC. owned 0.53% of Element Solutions worth $32,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter valued at approximately $25,000. Quarry LP acquired a new position in Element Solutions during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC grew its holdings in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Element Solutions during the third quarter valued at approximately $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

Element Solutions stock traded down $0.38 on Monday, hitting $25.00. The company’s stock had a trading volume of 459,438 shares, compared to its average volume of 1,299,102. The firm has a market cap of $6.05 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $27.17 and a 200-day moving average price of $26.56. Element Solutions Inc has a one year low of $21.42 and a one year high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.28%. Element Solutions’s dividend payout ratio is presently 28.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ESI shares. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays boosted their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

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.