Amalgamated Bank Has $1.53 Million Stock Position in Element Solutions Inc. (NYSE:ESI)

Amalgamated Bank grew its holdings in Element Solutions Inc. (NYSE:ESI - Free Report) by 479.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,594 shares of the company's stock after purchasing an additional 55,933 shares during the period. Amalgamated Bank's holdings in Element Solutions were worth $1,528,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESI. Integrated Wealth Concepts LLC boosted 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 valued at $610,000 after buying an additional 423 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after buying an additional 430 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Element Solutions by 0.8% in the 4th 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 last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Element Solutions by 0.6% in the 4th 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 last quarter. Finally, KBC Group NV boosted its holdings in shares of Element Solutions by 7.1% in the 1st quarter. KBC Group NV now owns 10,319 shares of the company's stock valued at $233,000 after buying an additional 681 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Performance

ESI stock traded down $0.40 during trading hours on Friday, hitting $24.70. 2,254,052 shares of the stock were exchanged, compared to its average volume of 2,033,772. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $5.99 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a 50-day simple moving average of $22.16 and a two-hundred day simple moving average of $23.33. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78.

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

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ESI. UBS Group increased their price objective on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and dropped their price target for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Mizuho upped their price objective on shares of Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, June 13th. BMO Capital Markets cut their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Barclays decreased their price target 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 stock currently has an average rating of "Moderate Buy" and an average price target of $26.25.

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.