JPMorgan Chase & Co. Raises Holdings in Element Solutions Inc (NYSE:ESI)

JPMorgan Chase & Co. lifted its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 549.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,619,419 shares of the company's stock after purchasing an additional 1,369,981 shares during the quarter. JPMorgan Chase & Co. owned about 0.67% of Element Solutions worth $43,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. True Wealth Design LLC bought a new stake in Element Solutions during the 3rd quarter valued at about $25,000. Quarry LP bought a new stake in Element Solutions in the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its stake in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC raised its stake in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after buying an additional 3,212 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at $113,000. 92.32% of the stock is owned by institutional investors.

Element Solutions Price Performance

Shares of ESI stock traded up $0.17 on Monday, hitting $25.49. 1,484,949 shares of the stock traded hands, compared to its average volume of 1,314,583. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The firm has a 50 day simple moving average of $27.31 and a two-hundred day simple moving average of $26.60. Element Solutions Inc has a 52 week low of $21.42 and a 52 week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analysts' expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. As a group, equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, December 2nd. Element Solutions's dividend payout ratio (DPR) is currently 28.83%.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of research reports. Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a research note 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. StockNews.com upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. Finally, BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $31.40.

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.