Caxton Associates LLP purchased a new position in Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,880 shares of the company's stock, valued at approximately $676,000.
Several other institutional investors have also recently made changes to their positions in ESI. Vanguard Group Inc. lifted its stake in Element Solutions by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company's stock worth $563,732,000 after purchasing an additional 2,688,056 shares in the last quarter. Gates Capital Management Inc. lifted its stake in shares of Element Solutions by 101.9% in the 1st quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company's stock valued at $122,653,000 after purchasing an additional 2,738,250 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Element Solutions by 3.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after acquiring an additional 146,570 shares during the last quarter. Locust Wood Capital Advisers LLC boosted its holdings in Element Solutions by 15.9% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,680,449 shares of the company's stock valued at $83,215,000 after acquiring an additional 505,983 shares during the period. Finally, AQR Capital Management LLC grew its stake in Element Solutions by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 2,861,197 shares of the company's stock worth $64,692,000 after acquiring an additional 1,622,819 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.
Element Solutions Stock Down 0.1%
Shares of Element Solutions stock traded down $0.02 during trading on Friday, hitting $26.35. 1,009,886 shares of the stock were exchanged, compared to its average volume of 1,668,734. The firm's 50-day moving average price is $24.78 and its 200 day moving average price is $23.00. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.10 and a quick ratio of 3.30.
Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $625.20 million for the quarter, compared to the consensus estimate of $587.45 million. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.
Element Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Element Solutions's payout ratio is currently 32.00%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on ESI shares. The Goldman Sachs Group reissued a "neutral" rating and set a $27.00 target price (up previously from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. KeyCorp raised their target price on Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group upped their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Mizuho boosted their price target on Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $27.38.
View Our Latest Stock Report on ESI
About Element Solutions
(
Free Report)
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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