United Services Automobile Association Acquires New Shares in Element Solutions Inc. $ESI

Key Points

• United Services Automobile Association acquired a new stake in Element Solutions Inc., purchasing 12,261 shares valued at approximately $281,000 during the 1st quarter.
• Leading investment firms notably increased their stakes in Element Solutions, with D. E. Shaw & Co. boosting holdings by 1,611.6% during the 4th quarter, now owning 330,987 shares valued at $8,417,000.
• The company's latest earnings report showed a net margin of 9.66% and revenues of $625.20 million, surpassing analyst estimates, indicating a 2.0% year-over-year growth.

United Services Automobile Association acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,261 shares of the company's stock, valued at approximately $281,000.

Several other hedge funds also recently modified their holdings of ESI. BNP Paribas Financial Markets boosted its holdings in shares of Element Solutions by 210.3% during the 4th quarter. BNP Paribas Financial Markets now owns 15,899 shares of the company's stock valued at $404,000 after acquiring an additional 10,776 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Element Solutions by 8.6% during the 4th quarter. Captrust Financial Advisors now owns 26,651 shares of the company's stock valued at $678,000 after acquiring an additional 2,111 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Element Solutions by 22.5% during the 4th quarter. Cetera Investment Advisers now owns 56,240 shares of the company's stock valued at $1,430,000 after acquiring an additional 10,315 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Element Solutions by 1,611.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,987 shares of the company's stock valued at $8,417,000 after acquiring an additional 311,649 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Element Solutions by 10.2% during the 4th quarter. Deutsche Bank AG now owns 17,116 shares of the company's stock valued at $435,000 after acquiring an additional 1,582 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Analyst Ratings Changes

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

Element Solutions Stock Performance

ESI stock opened at $26.35 on Friday. The stock has a 50-day moving average price of $24.78 and a 200-day moving average price of $23.02. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year 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 firm has a market cap of $6.37 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, topping 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 firm had revenue of $625.20 million during the quarter, compared to analyst estimates of $587.45 million. During the same period last year, the company posted $0.36 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. Element Solutions's dividend payout ratio (DPR) is 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.

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