Algert Global LLC Has $3.40 Million Holdings in Element Solutions Inc (NYSE:ESI)

Algert Global LLC boosted its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 441.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,333 shares of the company's stock after acquiring an additional 102,175 shares during the period. Algert Global LLC owned 0.05% of Element Solutions worth $3,404,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock worth $106,698,000 after purchasing an additional 2,355,554 shares during the period. Driehaus Capital Management LLC acquired a new position in Element Solutions during the 2nd quarter valued at about $32,364,000. Jennison Associates LLC acquired a new position in Element Solutions during the 3rd quarter valued at about $21,889,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Element Solutions by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock valued at $143,458,000 after buying an additional 676,432 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Element Solutions by 43.5% in the 2nd quarter. Millennium Management LLC now owns 1,134,112 shares of the company's stock worth $30,757,000 after purchasing an additional 344,017 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Price Performance

NYSE ESI traded down $0.68 on Tuesday, hitting $28.65. 1,483,065 shares of the company were exchanged, compared to its average volume of 1,371,967. The firm has a 50 day moving average of $26.90 and a two-hundred day moving average of $26.15. The company has a market cap of $6.94 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.60 and a beta of 1.29. 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 1-year low of $20.31 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm 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 company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, equities analysts predict that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.12%. Element Solutions's dividend payout ratio is presently 28.83%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ESI. Barclays lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Finally, Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have given 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 price target of $31.00.

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.