12,261 Shares in Element Solutions Inc. $ESI Purchased by United Services Automobile Association

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 position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,261 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESI. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter worth about $28,000. SVB Wealth LLC acquired a new stake in shares of Element Solutions in the first quarter valued at approximately $37,000. Eagle Bay Advisors LLC increased its stake in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock valued at $52,000 after purchasing an additional 2,060 shares during the period. Covestor Ltd increased its stake in shares of Element Solutions by 311.3% in the first quarter. Covestor Ltd now owns 3,126 shares of the company's stock valued at $71,000 after purchasing an additional 2,366 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Element Solutions by 1,707.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 8,512 shares of the company's stock valued at $192,000 after purchasing an additional 8,041 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of NYSE:ESI traded up $0.51 on Thursday, hitting $26.86. 563,198 shares of the company were exchanged, compared to its average volume of 2,477,483. The company's 50 day moving average price is $24.90 and its two-hundred day moving average price is $23.03. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.73 and a beta of 1.31.

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

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Element Solutions's payout ratio is 32.00%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho raised their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. KeyCorp raised their price target on shares of Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group raised their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $27.38.

About Element Solutions

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.