World Investment Advisors Takes Position in Element Solutions Inc. (NYSE:ESI)

World Investment Advisors purchased a new position in Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,723 shares of the company's stock, valued at approximately $242,000.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of Element Solutions in the fourth quarter valued at about $423,000. Raymond James Financial Inc. bought a new stake in shares of Element Solutions in the fourth quarter valued at about $13,573,000. PNC Financial Services Group Inc. lifted its stake in shares of Element Solutions by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after buying an additional 684 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Element Solutions in the fourth quarter valued at about $707,000. Finally, HighTower Advisors LLC lifted its stake in shares of Element Solutions by 8.6% in the fourth quarter. HighTower Advisors LLC now owns 12,890 shares of the company's stock valued at $328,000 after buying an additional 1,020 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. UBS Group lifted their price target 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. Barclays lowered their price target 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. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Finally, KeyCorp lifted their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday. Two equities 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's stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.75.

Element Solutions Stock Down 1.1%

Shares of ESI stock traded down $0.28 on Tuesday, hitting $24.19. The stock had a trading volume of 1,086,025 shares, compared to its average volume of 2,034,772. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The business has a 50 day moving average of $22.23 and a 200 day moving average of $23.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.08 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.32%. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

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.