19,962 Shares in Element Solutions Inc (NYSE:ESI) Bought by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,962 shares of the company's stock, valued at approximately $542,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. grew its stake in Element Solutions by 7.5% in the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock valued at $309,000 after acquiring an additional 798 shares during the period. SG Americas Securities LLC bought a new stake in Element Solutions during the 2nd quarter worth approximately $1,518,000. Reinhart Partners LLC. raised its holdings in Element Solutions by 0.5% during the 2nd quarter. Reinhart Partners LLC. now owns 1,174,391 shares of the company's stock worth $31,849,000 after buying an additional 5,349 shares during the period. Blue Trust Inc. acquired a new position in shares of Element Solutions in the second quarter valued at approximately $613,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company's stock valued at $138,490,000 after buying an additional 315,645 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of Element Solutions stock traded up $0.17 during trading on Friday, hitting $27.82. 783,250 shares of the stock were exchanged, compared to its average volume of 1,145,921. Element Solutions Inc has a 1-year low of $20.37 and a 1-year high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a fifty day moving average price of $27.29 and a 200-day moving average price of $26.43.

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

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.15%. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Analyst Upgrades and Downgrades

ESI has been the topic of several research reports. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. BMO Capital Markets raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a research note on Monday, October 14th. Finally, Barclays boosted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and an average target price 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.