QRG Capital Management Inc. Has $633,000 Stock Holdings in Element Solutions Inc (NYSE:ESI)

QRG Capital Management Inc. grew its position in Element Solutions Inc (NYSE:ESI - Free Report) by 101.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,894 shares of the company's stock after buying an additional 12,517 shares during the quarter. QRG Capital Management Inc.'s holdings in Element Solutions were worth $633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Element Solutions during the 3rd quarter valued at approximately $25,000. First Horizon Advisors Inc. grew its holdings in shares of Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Element Solutions during the 4th quarter valued at approximately $43,000. UMB Bank n.a. grew its holdings in shares of Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in shares of Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock valued at $53,000 after purchasing an additional 911 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Up 0.6 %

Shares of NYSE:ESI traded up $0.14 during trading on Friday, reaching $24.82. The stock had a trading volume of 4,838,955 shares, compared to its average volume of 1,568,988. The firm's fifty day moving average is $25.71 and its 200 day moving average is $26.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.30 and a beta of 1.29.

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Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. As a group, equities analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. Element Solutions's payout ratio is presently 31.37%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ESI shares. BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Barclays decreased their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday. Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price on the stock. Finally, Bank of America reissued a "neutral" rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

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.