Vaughan Nelson Investment Management L.P. Has $97.32 Million Stock Holdings in Element Solutions Inc. $ESI

Vaughan Nelson Investment Management L.P. lessened its holdings in Element Solutions Inc. (NYSE:ESI) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,296,855 shares of the company’s stock after selling 466,945 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.77% of Element Solutions worth $97,324,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of Element Solutions during the second quarter worth approximately $36,000. SVB Wealth LLC acquired a new stake in shares of Element Solutions during the first quarter worth approximately $37,000. Fifth Third Bancorp increased its holdings in shares of Element Solutions by 462.5% during the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock worth $49,000 after buying an additional 1,776 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock worth $52,000 after buying an additional 2,060 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Element Solutions by 311.3% during the first quarter. Covestor Ltd now owns 3,126 shares of the company’s stock worth $71,000 after buying an additional 2,366 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of research reports. UBS Group raised their price target on shares of Element Solutions from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Fermium Researc raised shares of Element Solutions to a “strong-buy” rating in a report on Wednesday, September 17th. KeyCorp raised their price target on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Mizuho raised their price target on shares of Element Solutions from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Element Solutions in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $27.63.

Insider Activity

In related news, EVP Matthew Liebowitz sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $26.55, for a total value of $1,327,500.00. Following the sale, the executive vice president directly owned 57,353 shares of the company’s stock, valued at approximately $1,522,722.15. The trade was a 46.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Edward Capps sold 77,674 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $26.77, for a total transaction of $2,079,332.98. Following the completion of the sale, the executive vice president directly owned 609,790 shares in the company, valued at $16,324,078.30. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,399 shares of company stock valued at $4,492,561 in the last quarter. Company insiders own 6.90% of the company’s stock.

Element Solutions Price Performance

ESI opened at $26.91 on Friday. The company has a fifty day moving average price of $25.24 and a two-hundred day moving average price of $23.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The firm has a market capitalization of $6.50 billion, a PE ratio of 26.91, a P/E/G ratio of 1.73 and a beta of 1.31.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The company had revenue of $625.20 million during the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the previous year, the business earned $0.36 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. Element Solutions’s payout ratio is 32.00%.

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.