Ceredex Value Advisors LLC Purchases 190,350 Shares of Element Solutions Inc (NYSE:ESI)

Ceredex Value Advisors LLC raised its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 51.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,106 shares of the company's stock after buying an additional 190,350 shares during the period. Ceredex Value Advisors LLC owned 0.23% of Element Solutions worth $15,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in Element Solutions in the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC increased its stake in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after purchasing an additional 3,212 shares during the period. LRI Investments LLC bought a new position in Element Solutions in the 1st quarter worth approximately $78,000. Finally, Signaturefd LLC boosted its position 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 period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Price Performance

Shares of ESI traded up $0.10 during mid-day trading on Friday, reaching $27.20. The company had a trading volume of 1,329,851 shares, compared to its average volume of 1,720,545. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.60. The company has a market capitalization of $6.59 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.50 and a beta of 1.29. Element Solutions Inc has a twelve month low of $18.19 and a twelve month high of $28.68. The company's 50-day moving average is $26.07 and its 200-day moving average is $25.61.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period in the prior year, the company posted $0.36 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a yield of 1.18%. Element Solutions's payout ratio is 28.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Element Solutions Company 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.