Chartwell Investment Partners LLC trimmed its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 8.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,627 shares of the company's stock after selling 33,457 shares during the quarter. Chartwell Investment Partners LLC owned 0.14% of Element Solutions worth $9,278,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Element Solutions during the first quarter worth $863,000. BNP Paribas Financial Markets grew its position in shares of Element Solutions by 79.2% during the 1st quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company's stock worth $390,000 after buying an additional 6,908 shares during the period. Janney Montgomery Scott LLC acquired a new position in Element Solutions in the first quarter valued at approximately $341,000. QRG Capital Management Inc. boosted its stake in Element Solutions by 11.1% in the first quarter. QRG Capital Management Inc. now owns 10,591 shares of the company's stock valued at $265,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Element Solutions by 0.3% during the first quarter. Lord Abbett & CO. LLC now owns 426,768 shares of the company's stock worth $10,661,000 after purchasing an additional 1,414 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.
Element Solutions Price Performance
NYSE ESI traded up $0.21 during trading on Monday, hitting $28.78. 425,333 shares of the company's stock were exchanged, compared to its average volume of 1,370,798. The company has a market cap of $6.97 billion, a PE ratio of 25.76, a P/E/G ratio of 1.58 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 stock's 50 day moving average price is $26.27 and its two-hundred day moving average price is $25.79. Element Solutions Inc has a fifty-two week low of $19.11 and a fifty-two week high of $29.16.
Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 net margin of 11.08% and a return on equity of 14.42%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. Research analysts expect that Element Solutions Inc will post 1.44 EPS for the current year.
Element Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. Element Solutions's dividend payout ratio (DPR) is currently 28.83%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ESI. 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 objective on Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Barclays upped 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. Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn raised Element Solutions to a "strong-buy" rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.
Get Our Latest Stock Report on Element Solutions
About Element Solutions
(
Free Report)
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.
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