Quent Capital LLC, an investment firm, has recently reduced its stake in Element Solutions Inc (NYSE:ESI) by 77.4%, according to a filing with the Securities and Exchange Commission. The company sold 45,621 shares of Element Solutions during the second quarter of this year, leaving it with 13,321 remaining shares valued at $256,000. This significant reduction in holdings raises questions about the investor sentiment towards Element Solutions.
Element Solutions, a chemical manufacturing company, released its quarterly earnings data on July 26th. The firm reported earnings per share (EPS) of $0.31 for the quarter, which aligned with analysts’ consensus estimate. Despite meeting expectations, there are factors that may have contributed to Quent Capital LLC’s decision to trim its holdings.
One such factor is Element Solutions’ net margin of 5.90% and return on equity of 13.13%. While these figures are not necessarily poor, they indicate lower profitability compared to other companies in the industry. Additionally, the company’s revenue for the quarter was $586.1 million, falling short of the consensus estimate of $611.13 million and declining by 13.4% compared to the same quarter last year.
Investors and equities analysts alike are now looking ahead to Element Solutions’ performance for the remainder of the fiscal year. As a group, equities analysts anticipate that the company will post earnings per share (EPS) of 1.3 for this current fiscal year.
This news about Quent Capital LLC reducing its holdings in Element Solutions raises concerns among investors regarding their confidence in the company’s future prospects. It remains to be seen how this reduction will impact Element Solutions moving forward and whether other investors will follow suit or maintain their positions.
In conclusion, Quent Capital LLC has recently decreased its holdings in Element Solutions Inc by over three-quarters during the second quarter of this year. In light of the company’s recent earnings data, this reduction raises questions about investor sentiment and confidence in Element Solutions’ performance. As we approach the end of the fiscal year, all eyes will be on how the company delivers on its earnings expectations and whether other investors decide to follow Quent Capital LLC’s lead.
Institutional Investors and Hedge Funds Make Moves in Element Solutions: Analysis of Ownership Changes, Financial Performance, and Analyst Insight
Institutional investors and hedge funds continue to make changes to their positions in Element Solutions, with several notable transactions occurring in recent months. One such move saw Machina Capital S.A.S. acquire a new stake in the company during the first quarter, valued at approximately $25,000. Similarly, Belpointe Asset Management LLC purchased a new stake in Element Solutions during the fourth quarter of the previous year, amounting to around $49,000. Covestor Ltd also increased its holdings in Element Solutions by 32.1% during the first quarter, now totaling 2,845 shares valued at $62,000. Clear Street Markets LLC joined the ranks of investors by acquiring a new stake in Element Solutions in the fourth quarter for approximately $74,000. Finally, MetLife Investment Management LLC contributed to the ownership landscape of Element Solutions by purchasing a new stake during the first quarter amounting to roughly $101,000. Currently, institutional investors own an impressive 91.05% of Element Solutions’ stock.
On Friday, September 17th, ESI stock began trading at $19.53 per share. Over the past year, the company’s stock has seen a low of $15.31 and a high of $21.90 – an indication of its volatility within that period. In terms of financial structure assessment and liquidity analysis, it’s important to note that Element Solutions holds a debt-to-equity ratio of 0.87 with quick and current ratios of 2.44 and 3.32 respectively.
Element Solutions’ market capitalization stands at an impressive $4.72 billion as it continues to assert itself within its industry sector. With regards to valuation measurements and profitability estimation indicators for potential investors’ consideration; presently it has attained a price-to-earnings ratio (P/E) of 34.26 along with a PEG ratio (P/E ratio divided by the growth rate) of 2.94. Additionally, the company carries a beta value of 1.30, signifying its sensitivity to market fluctuations.
The recent announcement of a quarterly dividend by Element Solutions came to fruition on Friday, September 15th. Following the issuance of the dividend, stockholders as of Friday, September 1st received $0.08 per share. Such payouts contribute to an annualized dividend yield of 1.64%, amounting to $0.32 per share on an annual basis. Notably, Element Solutions’ dividend payout ratio (DPR) currently stands at a remarkable 56.14%.
Analysts have recently provided their insights into ESI shares with Mizuho lifting their price objective from $21.00 to $22.00 in a report published on Friday, July 28th. Similarly, BMO Capital Markets initiated coverage on Element Solutions and assigned it an “outperform” rating alongside a price target of $23.00 on Tuesday, June 20th. StockNews.com also joined in assessing the company’s prospects by issuing a “hold” rating in their report published on Thursday, August 17th.
It is worth mentioning that there is some mixed sentiment among analysts regarding Element Solutions’ stock with one research analyst rating it as a sell while three others have designated it as a hold and another three have given it a buy rating overall – according to data sourced from Bloomberg.
In conclusion, looking at the recent changes in ownership positions within Element Solutions alongside its noteworthy financial performance indicators and endorsements from various analysts, one can perceive both opportunities and challenges facing this business entity as it continues to navigate through the intricate landscape of the market sector it occupies.