Tributary Capital Management LLC lifted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 70.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,500 shares of the company’s stock after buying an additional 31,100 shares during the period. Tributary Capital Management LLC’s holdings in Element Solutions were worth $882,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ESI. Bank of New York Mellon Corp purchased a new stake in shares of Element Solutions during the second quarter valued at $14,517,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Element Solutions during the second quarter valued at $750,000. Canada Pension Plan Investment Board purchased a new stake in shares of Element Solutions during the second quarter valued at $436,000. Northern Trust Corp purchased a new position in Element Solutions in the second quarter worth about $12,669,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Element Solutions in the second quarter worth about $5,980,000. 89.32% of the stock is currently owned by institutional investors.
NYSE ESI opened at $12.39 on Friday. The stock’s 50-day moving average price is $11.53 and its 200-day moving average price is $10.57. The company has a quick ratio of 2.25, a current ratio of 2.93 and a debt-to-equity ratio of 0.71. Element Solutions Inc has a 52 week low of $8.55 and a 52 week high of $12.74. The company has a market capitalization of $3.05 billion, a P/E ratio of 88.50 and a beta of 2.14.
Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Element Solutions had a return on equity of 6.67% and a net margin of 2.85%. The firm had revenue of $464.70 million for the quarter, compared to the consensus estimate of $469.25 million. During the same quarter last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts anticipate that Element Solutions Inc will post 0.86 EPS for the current year.
ESI has been the topic of several research reports. CIBC reissued an “average” rating and issued a $5.00 target price on shares of Element Solutions in a research report on Tuesday, October 15th. Goldman Sachs Group raised Element Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $14.00 in a research report on Monday, November 18th. SunTrust Banks dropped their target price on Element Solutions from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. ValuEngine raised Element Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Zacks Investment Research cut Element Solutions from a “hold” rating to a “sell” rating and set a $12.00 target price on the stock. in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Element Solutions currently has a consensus rating of “Hold” and a consensus price target of $9.50.
Element Solutions Profile
Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through 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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