Point72 Hong Kong Ltd Purchases Shares of 67,766 Element Solutions Inc (NYSE:ESI)

Point72 Hong Kong Ltd acquired a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,766 shares of the company's stock, valued at approximately $1,841,000.

A number of other large investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in Element Solutions during the 3rd quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Element Solutions in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its position in shares of Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after buying an additional 864 shares in the last quarter. Quest Partners LLC increased its stake in shares of Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after buying an additional 3,212 shares during the period. Finally, Signaturefd LLC lifted its stake in Element Solutions by 13.8% in the second 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. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ESI. Barclays raised their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Finally, Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Element Solutions Stock Down 0.5 %

Shares of NYSE ESI traded down $0.15 during mid-day trading on Monday, reaching $28.45. 304,403 shares of the company traded hands, compared to its average volume of 1,364,251. The company's fifty day moving average is $27.13 and its two-hundred day moving average is $26.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions Inc has a fifty-two week low of $20.31 and a fifty-two week high of $29.78. The stock has a market cap of $6.89 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, December 2nd. Element Solutions's payout ratio is 28.83%.

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.