Advisor Resource Council Acquires Shares of 71,727 Element Solutions Inc. (NYSE:ESI)

Advisor Resource Council acquired a new stake in Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 71,727 shares of the company's stock, valued at approximately $1,622,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Element Solutions by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after purchasing an additional 249,280 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after buying an additional 146,570 shares during the period. Geode Capital Management LLC grew its stake in Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock valued at $90,456,000 after buying an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC raised its holdings in Element Solutions by 11.4% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock valued at $80,727,000 after acquiring an additional 325,297 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after acquiring an additional 1,301,602 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Up 1.5%

NYSE ESI traded up $0.34 during trading hours on Tuesday, hitting $22.30. 2,172,123 shares of the company's stock were exchanged, compared to its average volume of 1,966,394. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.75 and a beta of 1.23. The stock has a 50-day simple moving average of $21.07 and a 200 day simple moving average of $23.55. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company 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 firm earned $0.34 earnings per share. Element Solutions's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's payout ratio is currently 26.89%.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Mizuho increased their price objective on Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. KeyCorp reduced their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. UBS Group decreased their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays dropped their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

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.