Quest Partners LLC Has $1.37 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Quest Partners LLC lifted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 1,461.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,487 shares of the company's stock after buying an additional 47,253 shares during the quarter. Quest Partners LLC's holdings in Element Solutions were worth $1,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ESI. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 last quarter. Vaughan Nelson Investment Management L.P. increased its position in Element Solutions by 6.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company's stock worth $138,490,000 after buying an additional 315,645 shares during the last quarter. Marshall Wace LLP raised its holdings in Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock valued at $106,698,000 after buying an additional 2,355,554 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Element Solutions by 16.9% in the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company's stock worth $51,485,000 after buying an additional 298,668 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of Element Solutions by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company's stock worth $50,173,000 after acquiring an additional 41,309 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Price Performance

Element Solutions stock remained flat at $27.71 on Wednesday. 1,895,145 shares of the company's stock traded hands, compared to its average volume of 1,369,744. Element Solutions Inc has a 12-month low of $20.31 and a 12-month high of $29.16. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 1.55 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. The firm has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $26.02.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm's 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. Analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on ESI shares. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. BMO Capital Markets upped their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Barclays lifted their target price 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. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Finally, Wolfe Research raised Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. 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. According to MarketBeat, Element Solutions presently has an average rating of "Moderate Buy" and an average target price of $31.00.

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.