Polar Asset Management Partners Inc. Buys New Holdings in Element Solutions Inc (NYSE:ESI)

Polar Asset Management Partners Inc. acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,300 shares of the company's stock, valued at approximately $2,724,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the 3rd quarter worth about $25,000. Quarry LP acquired a new stake in shares of Element Solutions during the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC raised 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 buying an additional 864 shares during the period. Quest Partners LLC lifted its position in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after acquiring 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 second quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after buying 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 0.7 %

Shares of NYSE:ESI traded up $0.18 during mid-day trading on Friday, reaching $27.83. 783,250 shares of the company's stock were exchanged, compared to its average volume of 1,360,352. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.54 and a beta of 1.28. The business's fifty day moving average price is $27.29 and its 200-day moving average price is $26.40. 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 twelve month low of $20.37 and a twelve month high of $29.78.

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

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 2nd. Element Solutions's dividend payout ratio is 28.83%.

Analyst Ratings Changes

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

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.