Element Solutions Inc. (NYSE:ESI) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 31.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,753,606 shares of the company's stock after acquiring an additional 651,251 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.14% of Element Solutions worth $62,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 position in shares of Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after acquiring an additional 146,570 shares during 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 raised its holdings in shares of Element Solutions by 11.4% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after acquiring an additional 325,297 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after acquiring an additional 1,301,602 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of NYSE ESI traded down $0.26 during trading on Monday, reaching $24.47. 1,713,670 shares of the company traded hands, compared to its average volume of 2,039,626. The firm has a 50 day simple moving average of $22.58 and a 200-day simple moving average of $23.25. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. 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 stock has a market capitalization of $5.93 billion, a PE ratio of 17.17, a P/E/G ratio of 1.79 and a beta of 1.23.

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

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ESI. KeyCorp lifted their target price on Element Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. BMO Capital Markets reduced their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price target (up from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. Finally, UBS Group increased their target price on shares of 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.13.

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.