Landscape Capital Management L.L.C. Purchases New Stake in Element Solutions Inc (NYSE:ESI)

Landscape Capital Management L.L.C. purchased a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,224 shares of the company's stock, valued at approximately $495,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Element Solutions by 27.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,434 shares of the company's stock worth $3,037,000 after purchasing an additional 26,104 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Element Solutions during the 1st quarter worth about $78,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Element Solutions by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,259,088 shares of the company's stock valued at $31,453,000 after acquiring an additional 41,718 shares during the last quarter. Castleark Management LLC raised its position in shares of Element Solutions by 13.3% during the 1st quarter. Castleark Management LLC now owns 286,050 shares of the company's stock worth $7,146,000 after acquiring an additional 33,590 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Element Solutions by 271.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 51,059 shares of the company's stock worth $1,385,000 after acquiring an additional 37,331 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets upped their price target on Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 2nd. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Finally, Barclays lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Element Solutions Stock Performance

Shares of ESI traded up $0.48 during mid-day trading on Friday, hitting $29.04. 957,498 shares of the company's stock were exchanged, compared to its average volume of 1,332,705. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a fifty-two week low of $20.31 and a fifty-two week high of $29.16. The business's 50 day moving average is $26.83 and its two-hundred day moving average is $26.10. The firm has a market capitalization of $7.03 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.58 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analysts' expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. On average, equities analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. Element Solutions's dividend payout ratio (DPR) is 28.83%.

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.