WCM Investment Management LLC Has $37.51 Million Holdings in Element Solutions Inc. $ESI

WCM Investment Management LLC decreased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,501,492 shares of the company’s stock after selling 178,506 shares during the period. WCM Investment Management LLC’s holdings in Element Solutions were worth $37,507,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Scopus Asset Management L.P. boosted its position in Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after purchasing an additional 1,965,691 shares during the period. Ilex Capital Partners UK LLP lifted its stake in shares of Element Solutions by 61.7% in the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after buying an additional 1,777,265 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Element Solutions by 253.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock worth $59,146,000 after buying an additional 1,684,994 shares during the period. Merewether Investment Management LP bought a new stake in shares of Element Solutions during the 2nd quarter worth $28,031,000. Finally, SG Capital Management LLC acquired a new position in Element Solutions in the 2nd quarter valued at $26,257,000. 92.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 292,000 shares of Element Solutions stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $27.00, for a total transaction of $7,884,000.00. Following the sale, the director directly owned 306,880 shares in the company, valued at approximately $8,285,760. The trade was a 48.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. 6.90% of the stock is owned by insiders.

Element Solutions Trading Up 1.6%

Element Solutions stock opened at $29.56 on Tuesday. The business has a 50 day moving average price of $27.07 and a two-hundred day moving average price of $26.03. The company has a quick ratio of 3.28, a current ratio of 4.05 and a debt-to-equity ratio of 0.61. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $30.26. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.28.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, December 1st. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ESI. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Truist Financial boosted their price objective on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Mizuho lowered their target price on Element Solutions from $31.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. UBS Group lifted their price target on Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, KeyCorp increased their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.