Charles Schwab Investment Management Inc. Buys 38,859 Shares of Element Solutions Inc (NYSE:ESI)

Charles Schwab Investment Management Inc. grew its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,299,641 shares of the company's stock after buying an additional 38,859 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.95% of Element Solutions worth $62,458,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of Element Solutions by 0.9% during the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company's stock worth $1,249,000 after purchasing an additional 417 shares during the last quarter. Signaturefd LLC raised its stake in Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after buying an additional 448 shares during the period. Equitable Trust Co. boosted its stake in shares of Element Solutions by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company's stock worth $911,000 after acquiring an additional 733 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Element Solutions by 7.5% during the 2nd quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock worth $309,000 after acquiring an additional 798 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after acquiring an additional 864 shares during the period. Institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

NYSE:ESI traded up $0.21 on Friday, hitting $28.68. The company had a trading volume of 800,922 shares, compared to its average volume of 1,368,947. The firm has a 50 day moving average of $27.13 and a two-hundred day moving average of $26.25. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.57 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 52 week low of $20.31 and a 52 week high of $29.78.

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

Element Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

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

Element Solutions Company 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.