Teachers Retirement System of The State of Kentucky Purchases New Position in Element Solutions Inc. (NYSE:ESI)

Teachers Retirement System of The State of Kentucky 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 69,600 shares of the company's stock, valued at approximately $1,574,000.

A number of other institutional investors have also modified their holdings of the business. Eagle Bay Advisors LLC lifted its stake in shares of Element Solutions by 940.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock worth $52,000 after acquiring an additional 2,060 shares during the period. Segall Bryant & Hamill LLC lifted its stake in Element Solutions by 3.2% during the first quarter. Segall Bryant & Hamill LLC now owns 2,168,445 shares of the company's stock valued at $49,029,000 after purchasing an additional 67,592 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Element Solutions by 14.4% during the first quarter. Victory Capital Management Inc. now owns 56,442 shares of the company's stock valued at $1,276,000 after acquiring an additional 7,122 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Element Solutions by 31.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,753,606 shares of the company's stock valued at $62,259,000 after acquiring an additional 651,251 shares during the period. Finally, CWM LLC raised its holdings in shares of Element Solutions by 156.4% during the first quarter. CWM LLC now owns 69,680 shares of the company's stock valued at $1,575,000 after acquiring an additional 42,500 shares during the period. Institutional investors own 92.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ESI shares. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their price target for the company from $28.00 to $24.00 in a report on Monday, April 14th. Mizuho boosted their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Barclays dropped their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, UBS Group upped their price objective on shares of Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.13.

Element Solutions Stock Up 0.6%

Shares of ESI traded up $0.13 during mid-day trading on Friday, hitting $23.82. 1,373,890 shares of the company's stock were exchanged, compared to its average volume of 2,357,364. The firm has a fifty day moving average of $22.72 and a two-hundred day moving average of $23.25. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period last year, the business posted $0.34 EPS. Element Solutions's revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast 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. Shareholders of record on Monday, June 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

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.