AQR Capital Management LLC Has $7.03 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

AQR Capital Management LLC increased its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,635 shares of the company's stock after buying an additional 44,347 shares during the period. AQR Capital Management LLC owned about 0.11% of Element Solutions worth $7,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of Element Solutions in the fourth quarter worth $27,000. LRI Investments LLC purchased a new position in Element Solutions during the first quarter valued at approximately $78,000. EverSource Wealth Advisors LLC increased its stake in Element Solutions by 39.4% in 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 period. Quest Partners LLC lifted 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 worth $88,000 after buying an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Trading Up 0.6 %

Shares of ESI stock traded up $0.16 on Friday, reaching $26.43. 755,352 shares of the stock were exchanged, compared to its average volume of 1,344,800. The stock has a 50 day moving average price of $25.83 and a 200 day moving average price of $25.41. The stock has a market cap of $6.40 billion, a PE ratio of 48.81, a P/E/G ratio of 1.44 and a beta of 1.29. Element Solutions Inc has a one year low of $17.57 and a one year high of $28.68. 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 (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, topping 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 during the quarter, compared to the consensus estimate of $606.95 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Element Solutions's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, August 30th. Element Solutions's payout ratio is 59.26%.

Analyst Upgrades and Downgrades

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

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.