World Investment Advisors Makes New $242,000 Investment in Element Solutions Inc. (NYSE:ESI)

World Investment Advisors bought a new position 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 fund bought 10,723 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of ESI. Proficio Capital Partners LLC acquired a new stake in Element Solutions during the 4th quarter worth $423,000. Raymond James Financial Inc. bought a new position in shares of Element Solutions during the fourth quarter worth $13,573,000. PNC Financial Services Group Inc. boosted its position in shares of Element Solutions by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock worth $169,000 after purchasing an additional 684 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Element Solutions during the fourth quarter worth $707,000. Finally, HighTower Advisors LLC boosted its position in shares of Element Solutions by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 12,890 shares of the company's stock worth $328,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Down 1.6%

ESI traded down $0.40 during trading on Friday, hitting $24.70. The company had a trading volume of 2,254,052 shares, compared to its average volume of 2,035,484. The company has a market capitalization of $5.99 billion, a PE ratio of 20.76, a PEG ratio of 2.03 and a beta of 1.23. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The firm's 50-day moving average price is $22.23 and its 200 day moving average price is $23.32. 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 quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. As a group, equities 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, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.30%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ESI. BMO Capital Markets reduced their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Mizuho lifted their price target on shares of Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. KeyCorp reduced their price target on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Barclays reduced 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 report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.25.

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.