Algert Global LLC Takes $628,000 Position in Element Solutions Inc (NYSE:ESI)

Algert Global LLC acquired a new stake in Element Solutions Inc (NYSE:ESI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,158 shares of the company's stock, valued at approximately $628,000.

Other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in Element Solutions in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after acquiring an additional 864 shares during the last quarter. Quest Partners LLC boosted its holdings in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after acquiring an additional 3,212 shares during the last quarter. LRI Investments LLC purchased a new position in Element Solutions during the 1st quarter worth $78,000. Finally, Signaturefd LLC boosted its holdings in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ESI. BMO Capital Markets reaffirmed an "outperform" rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Mizuho lifted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, June 12th. UBS Group boosted 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. The Goldman Sachs Group boosted their price target 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. Finally, StockNews.com raised shares of Element Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Element Solutions has an average rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Stock Performance

Element Solutions stock traded down $0.82 during midday trading on Monday, reaching $25.61. The stock had a trading volume of 2,265,355 shares, compared to its average volume of 1,349,840. Element Solutions Inc has a 12 month low of $17.57 and a 12 month high of $28.68. The firm's 50-day moving average price is $25.82 and its 200 day moving average price is $25.44. The firm has a market capitalization of $6.20 billion, a PE ratio of 47.41, a P/E/G ratio of 1.43 and a beta of 1.29. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80.

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

Element Solutions Announces Dividend

The company 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 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions's dividend payout ratio 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.