GW&K Investment Management LLC Has $59.77 Million Holdings in Element Solutions Inc. $ESI

GW&K Investment Management LLC lessened its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,391,577 shares of the company’s stock after selling 83,836 shares during the period. GW&K Investment Management LLC’s holdings in Element Solutions were worth $59,766,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Iridian Asset Management LLC CT lifted its holdings in shares of Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock worth $6,603,000 after purchasing an additional 71,686 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Element Solutions by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after purchasing an additional 139,751 shares during the period. American Century Companies Inc. lifted its holdings in shares of Element Solutions by 28.0% during the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after purchasing an additional 916,804 shares during the period. Peak Financial Advisors LLC lifted its holdings in shares of Element Solutions by 282.4% during the fourth quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock worth $1,994,000 after purchasing an additional 58,929 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Element Solutions by 10.0% during the third quarter. Natixis Advisors LLC now owns 881,354 shares of the company’s stock worth $22,184,000 after purchasing an additional 79,784 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Up 2.8%

ESI opened at $41.28 on Wednesday. Element Solutions Inc. has a 1-year low of $20.95 and a 1-year high of $45.51. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.06 billion, a P/E ratio of 66.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The company has a fifty day moving average price of $39.87 and a two-hundred day moving average price of $33.08.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Analysts predict that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s payout ratio is presently 51.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 target price on shares of Element Solutions in a research note on Monday, February 23rd. Mizuho lifted their target price on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $39.57.

Element Solutions Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.