Charles Schwab Investment Management Inc. Acquires 62,938 Shares of Element Solutions Inc. $ESI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Element Solutions Inc. by 2.7% during the 1st quarter, now owning approximately 0.99% of the company, valued at around $54 million.
• Analysts have raised price targets for Element Solutions, with KeyCorp and UBS Group aiming at $30.00 while Mizuho increased their target to $27.00, reflecting a consensus rating of "Moderate Buy."
• Element Solutions reported better-than-expected quarterly earnings with $0.37 EPS on revenue of $625.20 million, surpassing analyst estimates and showing a year-over-year revenue growth of 2%.

Charles Schwab Investment Management Inc. grew its holdings in Element Solutions Inc. (NYSE:ESI - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,391,832 shares of the company's stock after purchasing an additional 62,938 shares during the period. Charles Schwab Investment Management Inc. owned about 0.99% of Element Solutions worth $54,079,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $28,000. Eagle Bay Advisors LLC increased its holdings in Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock worth $52,000 after buying an additional 2,060 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Element Solutions by 100.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock worth $88,000 after buying an additional 1,739 shares during the last quarter. Quarry LP increased its holdings in Element Solutions by 29.2% during the fourth quarter. Quarry LP now owns 7,792 shares of the company's stock worth $198,000 after buying an additional 1,763 shares during the last quarter. Finally, Caption Management LLC acquired a new position in Element Solutions during the fourth quarter worth $216,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Performance

ESI stock traded down $0.1470 during midday trading on Wednesday, reaching $24.8230. 76,968 shares of the company were exchanged, compared to its average volume of 2,572,630. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.10 and a quick ratio of 3.30. The business has a 50-day moving average price of $23.56 and a two-hundred day moving average price of $23.03. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The firm had revenue of $625.20 million during the quarter, compared to analysts' expectations of $587.45 million. During the same period in the previous year, the business posted $0.36 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

ESI has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. KeyCorp boosted their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Mizuho boosted their target price on shares of Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Barclays lowered their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, UBS Group boosted their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $27.38.

Element Solutions Company 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.