Cerity Partners LLC Grows Stock Holdings in Element Solutions Inc (NYSE:ESI)

Cerity Partners LLC boosted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 40.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,000 shares of the company's stock after buying an additional 49,466 shares during the period. Cerity Partners LLC owned approximately 0.07% of Element Solutions worth $4,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ESI. Marshall Wace LLP lifted its stake in Element Solutions by 149.2% during the 2nd quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock valued at $106,698,000 after acquiring an additional 2,355,554 shares during the period. Driehaus Capital Management LLC acquired a new position in Element Solutions during the second quarter valued at $32,364,000. Jennison Associates LLC purchased a new stake in Element Solutions in the third quarter valued at $21,889,000. Barrow Hanley Mewhinney & Strauss LLC grew its position 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 worth $143,458,000 after purchasing an additional 676,432 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Element Solutions by 43.5% during the 2nd quarter. Millennium Management LLC now owns 1,134,112 shares of the company's stock valued at $30,757,000 after buying an additional 344,017 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Analyst Ratings Changes

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

Element Solutions Price Performance

Shares of NYSE ESI traded up $0.21 during trading on Friday, hitting $28.68. The company had a trading volume of 800,821 shares, compared to its average volume of 1,368,947. Element Solutions Inc has a fifty-two week low of $20.31 and a fifty-two week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $26.22. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.57 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 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. On average, research analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.12%. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Element Solutions Profile

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.