Jennison Associates LLC Has $28.82 Million Holdings in Element Solutions Inc. (NYSE:ESI)

Jennison Associates LLC trimmed its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,274,843 shares of the company's stock after selling 41,401 shares during the quarter. Jennison Associates LLC owned approximately 0.53% of Element Solutions worth $28,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position 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 boosted its stake in Element Solutions by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after buying an additional 146,570 shares in the last quarter. Geode Capital Management LLC increased its holdings in Element Solutions by 0.4% in the 4th 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 increased its holdings in Element Solutions by 11.4% in the 4th 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. raised its stake in shares of Element Solutions by 80.4% in the 4th 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 in the last quarter. Institutional investors own 92.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. BMO Capital Markets decreased their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. KeyCorp increased their target price on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price target (up previously from $24.00) on shares of Element Solutions in a research note on Tuesday. Finally, UBS Group upped their price target on Element Solutions from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, eight have assigned 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 target price of $27.13.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $24.72 on Friday. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64. The firm has a market cap of $5.99 billion, a PE ratio of 20.77, a PEG ratio of 1.79 and a beta of 1.23. The company's 50 day moving average price is $22.58 and its two-hundred day moving average price is $23.27. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released 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. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

About Element Solutions

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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