Bank of Montreal Can decreased its stake in shares of Element Solutions Inc (NYSE:ESI) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,689 shares of the auto parts company’s stock after selling 534 shares during the period. Bank of Montreal Can’s holdings in Element Solutions were worth $1,363,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Element Solutions by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,930,583 shares of the auto parts company’s stock valued at $121,902,000 after buying an additional 173,784 shares during the period. Renaissance Technologies LLC increased its position in shares of Element Solutions by 18.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,181,800 shares of the auto parts company’s stock valued at $186,832,000 after buying an additional 349,300 shares during the period. Two Sigma Investments LP increased its position in shares of Element Solutions by 29.0% during the 4th quarter. Two Sigma Investments LP now owns 548,110 shares of the auto parts company’s stock valued at $45,568,000 after buying an additional 126,495 shares during the period. Bridgeway Capital Management Inc. increased its position in shares of Element Solutions by 15.8% during the 4th quarter. Bridgeway Capital Management Inc. now owns 1,270,259 shares of the auto parts company’s stock valued at $98,195,000 after buying an additional 183,584 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Element Solutions by 26.5% during the 4th quarter. Schroder Investment Management Group now owns 260,762 shares of the auto parts company’s stock valued at $21,484,000 after buying an additional 52,946 shares during the period.
Get Element Solutions alerts:
Separately, ValuEngine upgraded shares of Element Solutions from a “sell” rating to a “hold” rating in a research note on Friday, February 1st.
Shares of NYSE:ESI opened at $32.63 on Friday. The firm has a market cap of $5.97 billion, a P/E ratio of 86.54 and a beta of 1.64. Element Solutions Inc has a 12 month low of $32.18 and a 12 month high of $49.36.
Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Thursday, February 28th. The auto parts company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Element Solutions had a net margin of 0.83% and a return on equity of 4.07%. On average, equities analysts predict that Element Solutions Inc will post 0.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.87%. The ex-dividend date is Wednesday, March 20th. Element Solutions’s dividend payout ratio (DPR) is currently 129.42%.
Element Solutions Company Profile
Element Solutions, Inc, a provider of value-added plastics, machinery and laboratory services for the automotive, renewable energy, aerospace and defense industries, offers plastic jet engine stoppers to the global automotive industry and is a leading supplier of fluid lubrication systems for aircraft engines and landing gear.
Recommended Story: How Do You Manage Your Risk Exposure?
Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.