Ceredex Value Advisors LLC raised its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 640,200 shares of the company's stock after purchasing an additional 13,750 shares during the period. Ceredex Value Advisors LLC owned 0.26% of Element Solutions worth $14,475,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ESI. Park Square Financial Group LLC acquired a new stake in shares of Element Solutions in the fourth quarter valued at about $28,000. SVB Wealth LLC acquired a new stake in shares of Element Solutions in the first quarter valued at about $37,000. Eagle Bay Advisors LLC raised its position in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock valued at $52,000 after buying an additional 2,060 shares during the last quarter. Covestor Ltd raised its position in shares of Element Solutions by 311.3% in the first quarter. Covestor Ltd now owns 3,126 shares of the company's stock valued at $71,000 after buying an additional 2,366 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock valued at $88,000 after purchasing an additional 1,739 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ESI shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. UBS Group boosted their price target on shares of Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Mizuho boosted their price target on shares of Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, KeyCorp boosted their price objective on Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $27.38.
View Our Latest Stock Report on Element Solutions
Element Solutions Stock Up 0.6%
ESI stock traded up $0.16 during trading on Thursday, hitting $25.91. 1,881,188 shares of the company's stock were exchanged, compared to its average volume of 1,624,701. The business has a 50-day moving average price of $24.14 and a two-hundred day moving average price of $23.06. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.68 and a beta of 1.26. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The company had revenue of $625.20 million for the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Element Solutions Inc. will post 1.45 EPS for the current year.
Element Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Element Solutions's dividend payout ratio is 32.00%.
Element Solutions Company Profile
(
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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