40,889 Shares in Element Solutions Inc (NYSE:ESI) Bought by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,889 shares of the company's stock, valued at approximately $1,109,000.

A number of other large investors have also recently bought and sold shares of ESI. Signaturefd LLC raised its stake in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after acquiring an additional 448 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,721 shares of the company's stock valued at $364,000 after purchasing an additional 598 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company's stock worth $46,000 after purchasing an additional 684 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Element Solutions by 7.5% in the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock valued at $309,000 after buying an additional 798 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Element Solutions by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,981 shares of the company's stock valued at $2,290,000 after buying an additional 960 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of research analyst reports. UBS Group increased their price objective 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. BMO Capital Markets reiterated an "outperform" rating and issued a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a report on Saturday, September 14th. Mizuho lifted their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group upped their target price on shares of Element Solutions from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Trading Down 0.9 %

NYSE:ESI opened at $25.61 on Friday. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. Element Solutions Inc has a 1-year low of $17.57 and a 1-year high of $28.68. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 47.43, a PEG ratio of 1.38 and a beta of 1.29. The business's 50-day moving average price is $25.97 and its two-hundred day moving average price is $25.25.

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

Element Solutions Announces Dividend

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