Trexquant Investment LP Boosts Holdings in Element Solutions Inc. $ESI

Key Points

• Trexquant Investment LP increased its stake in Element Solutions Inc. by 366.3% during Q1, acquiring an additional 257,031 shares, bringing its total ownership to approximately 0.13% of the company.
• Element Solutions reported a quarterly EPS of $0.37, exceeding analysts' expectations, with revenue of $625.20 million for the quarter, marking a 2.0% increase year-over-year.
• The company announced a quarterly dividend of $0.08 per share, with an annualized yield of 1.2%, set to be paid on September 15th.

Trexquant Investment LP increased its position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 366.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 327,204 shares of the company's stock after purchasing an additional 257,031 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Element Solutions worth $7,398,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ESI. Park Square Financial Group LLC bought a new stake in Element Solutions in the 4th quarter worth about $28,000. SVB Wealth LLC bought a new position in Element Solutions during the first quarter valued at about $37,000. Eagle Bay Advisors LLC grew its position in Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock valued at $52,000 after buying an additional 2,060 shares during the period. Covestor Ltd grew its position in Element Solutions by 311.3% during the first quarter. Covestor Ltd now owns 3,126 shares of the company's stock valued at $71,000 after buying an additional 2,366 shares during the period. Finally, Wells Fargo & Company MN grew its position in Element Solutions by 100.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock valued at $88,000 after buying an additional 1,739 shares during the period. 92.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ESI. Mizuho increased their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. 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. The Goldman Sachs Group reiterated 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Element Solutions presently has a consensus rating of "Buy" and a consensus target price of $27.38.

Element Solutions Price Performance

Shares of ESI stock traded up $0.36 during trading hours on Thursday, reaching $25.49. The stock had a trading volume of 3,396,179 shares, compared to its average volume of 2,518,209. The stock's fifty day simple moving average is $24.41 and its 200 day simple moving average is $23.04. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78. The firm has a market capitalization of $6.16 billion, a PE ratio of 25.49, a PEG ratio of 1.68 and a beta of 1.31.

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

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 1.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. Element Solutions's dividend payout ratio (DPR) is currently 32.00%.

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.