Segall Bryant & Hamill LLC Acquires 53,781 Shares of Element Solutions Inc (NYSE:ESI)

Segall Bryant & Hamill LLC grew its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,000,181 shares of the company's stock after acquiring an additional 53,781 shares during the period. Element Solutions comprises 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 16th largest holding. Segall Bryant & Hamill LLC owned about 0.83% of Element Solutions worth $54,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ESI. Quarry LP bought a new position in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its stake in 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 during the last quarter. Quest Partners LLC lifted its holdings in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after buying an additional 3,212 shares during the period. LRI Investments LLC bought a new stake in Element Solutions during the first quarter valued at $78,000. Finally, Signaturefd LLC grew its holdings in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $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 NYSE:ESI traded down $0.24 on Wednesday, hitting $27.47. The company's stock had a trading volume of 1,094,078 shares, compared to its average volume of 1,366,093. Element Solutions Inc has a 1 year low of $20.31 and a 1 year high of $29.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company has a market capitalization of $6.65 billion, a PE ratio of 24.75, a PEG ratio of 1.55 and a beta of 1.29. The company has a 50-day simple moving average of $26.65 and a 200 day simple moving average of $26.02.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. Element Solutions's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. Sell-side analysts forecast that Element Solutions Inc will post 1.44 EPS for the current fiscal 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 issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. Element Solutions's dividend payout ratio is 28.83%.

Wall Street Analyst Weigh In

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

Element Solutions 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.