Mutual of America Capital Management LLC bought a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 32,442 shares of the company's stock, valued at approximately $734,000.
Several other large investors also recently added to or reduced their stakes in ESI. Deutsche Bank AG grew its holdings in Element Solutions by 336.9% during the 1st quarter. Deutsche Bank AG now owns 74,778 shares of the company's stock valued at $1,691,000 after buying an additional 57,662 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Element Solutions by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,391,832 shares of the company's stock valued at $54,079,000 after purchasing an additional 62,938 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Element Solutions by 12.1% during the first quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company's stock valued at $563,732,000 after acquiring an additional 2,688,056 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Element Solutions by 107.2% in the first quarter. PNC Financial Services Group Inc. now owns 13,765 shares of the company's stock worth $311,000 after purchasing an additional 7,121 shares during the period. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of Element Solutions in the first quarter worth $225,000. Hedge funds and other institutional investors own 92.32% of the company's stock.
Element Solutions Stock Performance
NYSE ESI traded down $0.27 during trading hours on Thursday, reaching $25.24. The company's stock had a trading volume of 1,189,356 shares, compared to its average volume of 2,598,260. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. The stock has a market cap of $6.10 billion, a PE ratio of 25.24, a PEG ratio of 1.62 and a beta of 1.26. The business has a 50-day simple moving average of $23.30 and a 200 day simple moving average of $23.06.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The business had revenue of $625.20 million during the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the previous year, the business earned $0.36 EPS. Element Solutions's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.
Element Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is currently 32.00%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on ESI shares. Barclays lowered their target price on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. BMO Capital Markets decreased their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Mizuho boosted their target price on Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group upped their target price on Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, KeyCorp increased their target price on Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.38.
Check Out Our Latest Analysis on Element Solutions
About Element Solutions
(
Free Report)
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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