Summit Trail Advisors LLC Invests $1.03 Million in Element Solutions Inc. (NYSE:ESI)

Summit Trail Advisors LLC bought a new stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 45,600 shares of the company's stock, valued at approximately $1,031,000.

A number of other large investors have also made changes to their positions in ESI. JPMorgan Chase & Co. grew its stake in Element Solutions by 80.4% in the 4th 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 during the period. FIL Ltd acquired a new position in shares of Element Solutions during the 4th quarter valued at $29,818,000. London Co. of Virginia acquired a new position in shares of Element Solutions during the fourth quarter worth about $29,800,000. Boston Partners acquired a new position in Element Solutions during the 4th quarter worth approximately $24,169,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Element Solutions in the fourth quarter valued at $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Down 0.2%

NYSE:ESI traded down $0.05 on Friday, hitting $24.00. 1,335,804 shares of the company's stock traded hands, compared to its average volume of 2,001,881. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.82 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The firm has a 50-day moving average price of $21.73 and a 200-day moving average price of $23.37. Element Solutions Inc. has a 1 year low of $16.77 and a 1 year high of $29.78.

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

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.33%. The ex-dividend date was Monday, June 2nd. Element Solutions's payout ratio is 26.89%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ESI shares. UBS Group decreased their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group reduced their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. BMO Capital Markets decreased 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 report on Friday, April 25th. Barclays lowered their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Mizuho boosted their target price on shares of Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Two 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 company. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Element Solutions 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.