Public Employees Retirement Association of Colorado Purchases 127,414 Shares of Element Solutions Inc (NYSE:ESI)

Public Employees Retirement Association of Colorado grew its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 971,492 shares of the company's stock after purchasing an additional 127,414 shares during the period. Public Employees Retirement Association of Colorado owned about 0.40% of Element Solutions worth $26,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ESI. Richardson Financial Services Inc. bought a new position in Element Solutions in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its holdings in Element Solutions by 51.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company's stock valued at $46,000 after buying an additional 684 shares during the last quarter. Assetmark Inc. boosted its position in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company's stock worth $47,000 after buying an additional 1,902 shares during the period. LRI Investments LLC bought a new stake in Element Solutions during the 1st quarter worth approximately $78,000. Finally, Quest Partners LLC increased its position 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 acquiring an additional 3,212 shares during the period. 92.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Wednesday, June 12th. The Goldman Sachs Group raised their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, June 27th. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a report on Saturday, September 14th. UBS Group raised their price target on shares of Element Solutions from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, June 24th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Trading Down 0.9 %

Shares of NYSE:ESI traded down $0.22 during mid-day trading on Friday, hitting $25.61. The company had a trading volume of 1,339,040 shares, compared to its average volume of 1,358,800. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. Element Solutions Inc has a one year low of $17.57 and a one year high of $28.68. The firm has a fifty day moving average price of $26.02 and a 200 day moving average price of $25.24. The company has a market capitalization of $6.20 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. Element Solutions's dividend payout ratio (DPR) is presently 59.26%.

About Element Solutions

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.