Cubist Systematic Strategies LLC Acquires Shares of 209,014 Element Solutions Inc (NYSE:ESI)

Cubist Systematic Strategies LLC acquired a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 209,014 shares of the company's stock, valued at approximately $5,668,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Element Solutions at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Element Solutions by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock valued at $143,458,000 after purchasing an additional 676,432 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company's stock valued at $138,490,000 after buying an additional 315,645 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock valued at $106,698,000 after buying an additional 2,355,554 shares during the period. Glenview Capital Management LLC boosted its position in Element Solutions by 35.2% during the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company's stock worth $87,067,000 after acquiring an additional 979,798 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Element Solutions by 16.9% during the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company's stock worth $51,485,000 after acquiring an additional 298,668 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ESI. BMO Capital Markets reissued an "outperform" rating and set a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Mizuho lifted their price target on Element Solutions from $28.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, June 12th. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, June 27th. StockNews.com raised shares of Element Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, UBS Group upped their price target on shares of Element Solutions from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, June 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Trading Down 0.0 %

NYSE ESI traded down $0.01 during mid-day trading on Friday, hitting $27.01. The company's stock had a trading volume of 894,631 shares, compared to its average volume of 1,350,073. The firm has a market capitalization of $6.54 billion, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. 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 52-week low of $17.57 and a 52-week high of $28.68. The stock's fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $25.34.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Monday, July 29th. The company reported $0.36 EPS 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 quarter last year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 1.18%. Element Solutions's dividend payout ratio (DPR) is currently 59.26%.

Element Solutions 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.