Mutual of America Capital Management LLC Takes $734,000 Position in Element Solutions Inc. (NYSE:ESI)

Mutual of America Capital Management LLC acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,442 shares of the company's stock, valued at approximately $734,000.

A number of other institutional investors have also recently made changes to their positions in the company. Xponance Inc. grew its position in Element Solutions by 8.7% in the first quarter. Xponance Inc. now owns 11,529 shares of the company's stock worth $261,000 after acquiring an additional 922 shares in the last quarter. Cerity Partners LLC grew its position in Element Solutions by 28.4% in the first quarter. Cerity Partners LLC now owns 221,054 shares of the company's stock worth $4,998,000 after acquiring an additional 48,958 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Element Solutions by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 1,064,465 shares of the company's stock worth $24,068,000 after acquiring an additional 87,491 shares in the last quarter. Bank of New York Mellon Corp grew its position in Element Solutions by 48.5% in the first quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company's stock worth $38,805,000 after acquiring an additional 560,346 shares in the last quarter. Finally, World Investment Advisors purchased a new position in Element Solutions in the first quarter worth about $242,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Down 0.3%

NYSE ESI traded down $0.06 during trading on Friday, hitting $23.63. The stock had a trading volume of 109,904 shares, compared to its average volume of 2,661,105. The stock has a 50 day simple moving average of $22.72 and a 200 day simple moving average of $23.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.74 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share 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 during the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is presently 26.89%.

Analysts Set New Price Targets

ESI has been the subject of several recent research reports. Mizuho lifted their price target on Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Barclays decreased their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. KeyCorp raised their price objective 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. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, BMO Capital Markets decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.13.

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.