Element Solutions Inc (NYSE:ESI) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 107.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 105,745 shares of the company's stock after acquiring an additional 54,686 shares during the period. Harbor Capital Advisors Inc.'s holdings in Element Solutions were worth $2,872,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ESI. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Element Solutions in the first quarter worth about $863,000. BNP Paribas Financial Markets raised its position in Element Solutions by 79.2% during the 1st quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company's stock valued at $390,000 after purchasing an additional 6,908 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Element Solutions during the 1st quarter worth $341,000. QRG Capital Management Inc. raised its holdings in shares of Element Solutions by 11.1% in the first quarter. QRG Capital Management Inc. now owns 10,591 shares of the company's stock valued at $265,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Element Solutions by 0.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 426,768 shares of the company's stock worth $10,661,000 after acquiring an additional 1,414 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Element Solutions stock traded up $0.45 during mid-day trading on Tuesday, hitting $27.86. The company had a trading volume of 785,853 shares, compared to its average volume of 1,378,841. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.50 and a beta of 1.29. The company's fifty day moving average is $26.13 and its 200-day moving average is $25.69. Element Solutions Inc has a 12-month low of $18.82 and a 12-month high of $28.68.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company had revenue of $645.00 million during the quarter, compared to analysts' expectations of $626.52 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts predict that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 1.15%. The ex-dividend date was Friday, August 30th. Element Solutions's dividend payout ratio is presently 28.83%.

Analyst Ratings Changes

Several brokerages have issued reports on ESI. Barclays increased their target price on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Finally, BMO Capital Markets upped their price target on Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Two 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 presently has an average 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.