Advisor Resource Council Makes New $1.62 Million Investment in Element Solutions Inc. (NYSE:ESI)

Advisor Resource Council purchased a new stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 71,727 shares of the company's stock, valued at approximately $1,622,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ESI. Integrated Wealth Concepts LLC lifted its holdings in shares of Element Solutions by 1.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after acquiring an additional 423 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares during the last quarter. Arizona State Retirement System boosted its position in Element Solutions by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after buying an additional 545 shares during the period. Treasurer of the State of North Carolina boosted its position in Element Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Element Solutions by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after buying an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

Shares of ESI stock opened at $21.50 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. The firm has a market cap of $5.21 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.74 and a beta of 1.23. The business's 50 day moving average price is $21.01 and its 200-day moving average price is $23.65. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, June 2nd. Element Solutions's payout ratio is currently 26.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ESI shares. Mizuho boosted their target price on Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. BMO Capital Markets decreased their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group cut their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

About Element Solutions

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.

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