GAMMA Investing LLC Buys 35,886 Shares of Element Solutions Inc. (NYSE:ESI)

GAMMA Investing LLC increased its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 2,339.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,420 shares of the company's stock after purchasing an additional 35,886 shares during the quarter. GAMMA Investing LLC's holdings in Element Solutions were worth $846,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after purchasing an additional 249,280 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in 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 buying an additional 146,570 shares during the period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 14,339 shares during the period. Locust Wood Capital Advisers LLC lifted its holdings in 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 buying an additional 325,297 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 1,301,602 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Trading Down 0.4%

ESI traded down $0.08 during mid-day trading on Thursday, hitting $21.35. The stock had a trading volume of 2,227,862 shares, compared to its average volume of 1,954,110. The stock's fifty day simple moving average is $20.95 and its 200-day simple moving average is $23.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.23. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results 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 company had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, research analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is 26.89%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ESI shares. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and cut their price objective for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Wall Street Zen lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays cut their price objective 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. The Goldman Sachs Group cut their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Mizuho increased 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. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.75.

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.