886,376 Shares in Element Solutions Inc. $ESI Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 886,376 shares of Element Solutions Inc. for approximately $20 million, representing about 0.37% of the company as of its latest SEC filing.
• Element Solutions has received various upgrades from analysts, with Mizuho increasing its price target from $24 to $27, and UBS raising theirs from $29 to $30, indicating positive market sentiment.
• The company reported a quarterly EPS of $0.37, surpassing expectations, with $625.20 million in revenue - a 2% increase year-over-year.

Nuveen LLC bought a new stake in Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 886,376 shares of the company's stock, valued at approximately $20,041,000. Nuveen LLC owned approximately 0.37% of Element Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ESI. Covestor Ltd increased its stake in shares of Element Solutions by 311.3% during the 1st quarter. Covestor Ltd now owns 3,126 shares of the company's stock valued at $71,000 after acquiring an additional 2,366 shares during the last quarter. Locust Wood Capital Advisers LLC increased its stake in shares of Element Solutions by 15.9% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,680,449 shares of the company's stock valued at $83,215,000 after acquiring an additional 505,983 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Element Solutions by 490.1% during the 1st quarter. Maryland State Retirement & Pension System now owns 75,407 shares of the company's stock valued at $1,705,000 after acquiring an additional 62,629 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Element Solutions during the 1st quarter valued at about $734,000. Finally, Deutsche Bank AG increased its stake in shares of 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 acquiring an additional 57,662 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Down 0.6%

Shares of Element Solutions stock traded down $0.1550 on Monday, hitting $25.7550. 56,053 shares of the company's stock traded hands, compared to its average volume of 2,548,080. The stock has a market cap of $6.22 billion, a P/E ratio of 25.75, a PEG ratio of 1.69 and a beta of 1.26. The company has a quick ratio of 3.30, a current ratio of 4.10 and a debt-to-equity ratio of 0.62. The firm's 50-day moving average is $23.79 and its 200 day moving average is $23.01. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The company had revenue of $625.20 million during the quarter, compared to analysts' expectations of $587.45 million. During the same period in the prior year, the business posted $0.36 EPS. The business's revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Element Solutions's dividend payout ratio (DPR) is presently 32.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ESI. UBS Group increased their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Mizuho increased their target price on shares of Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group reissued a "neutral" rating and set a $27.00 target price (up previously from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. Barclays dropped their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, KeyCorp increased their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $27.38.

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.