805,912 Shares in Element Solutions Inc (NYSE:ESI) Acquired by Jennison Associates LLC

Jennison Associates LLC bought 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 SEC. The fund bought 805,912 shares of the company's stock, valued at approximately $21,889,000. Jennison Associates LLC owned about 0.33% of Element Solutions at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Element Solutions in the 2nd quarter valued at $31,000. LRI Investments LLC acquired a new position in shares of Element Solutions during the 1st quarter worth $78,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after acquiring an additional 864 shares during the last quarter. Quest Partners LLC lifted its stake in Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC grew its position in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 92.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ESI. Wolfe Research raised Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price 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. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Barclays raised their price objective 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, StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Element Solutions Price Performance

NYSE:ESI traded up $0.48 during mid-day trading on Friday, hitting $29.04. 957,498 shares of the stock traded hands, compared to its average volume of 1,332,705. The business's 50-day moving average price is $26.83 and its 200 day moving average price is $26.08. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 12-month low of $20.31 and a 12-month high of $29.16. The company has a market cap of $7.03 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.58 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 earnings per share (EPS) for the quarter, beating 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%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. On average, analysts expect 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. Shareholders of record on Monday, December 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, December 2nd. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

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.