Envestnet Asset Management Inc. Has $24.07 Million Holdings in Element Solutions Inc. (NYSE:ESI)

Envestnet Asset Management Inc. lifted its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,064,465 shares of the company's stock after acquiring an additional 87,491 shares during the quarter. Envestnet Asset Management Inc. owned 0.44% of Element Solutions worth $24,068,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ESI shares. UBS Group boosted their price objective on shares of Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays cut their target price 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. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. KeyCorp lifted their price target on shares of Element Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, Mizuho lifted 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. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.13.

Element Solutions Stock Performance

Shares of NYSE ESI traded up $0.03 during trading hours on Friday, hitting $24.72. 1,834,069 shares of the stock were exchanged, compared to its average volume of 2,038,053. The firm has a market capitalization of $5.99 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.79 and a beta of 1.23. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The company's 50 day moving average is $22.58 and its 200 day moving average is $23.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio is currently 26.89%.

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.