Thrivent Financial for Lutherans increased its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 209.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,609 shares of the company's stock after acquiring an additional 217,624 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Element Solutions worth $8,736,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESI. CANADA LIFE ASSURANCE Co increased its holdings in Element Solutions by 27.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,434 shares of the company's stock worth $3,037,000 after purchasing an additional 26,104 shares during the last quarter. Capital World Investors acquired a new position in shares of Element Solutions in the first quarter valued at approximately $44,527,000. LRI Investments LLC acquired a new stake in shares of Element Solutions in the first quarter valued at approximately $78,000. Price T Rowe Associates Inc. MD increased its holdings in Element Solutions by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,259,088 shares of the company's stock valued at $31,453,000 after buying an additional 41,718 shares during the period. Finally, Castleark Management LLC raised its position in Element Solutions by 13.3% during the 1st quarter. Castleark Management LLC now owns 286,050 shares of the company's stock worth $7,146,000 after purchasing an additional 33,590 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. Barclays increased their target price 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. Wolfe Research raised Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. Finally, BMO Capital Markets lifted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $31.00.
Read Our Latest Research Report on Element Solutions
Element Solutions Stock Performance
ESI traded up $0.48 during midday trading on Friday, reaching $29.04. The company had a trading volume of 957,498 shares, compared to its average volume of 1,332,705. Element Solutions Inc has a 1 year low of $20.31 and a 1 year high of $29.16. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average of $26.83 and a two-hundred day moving average of $26.08. The company has a market cap of $7.03 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.58 and a beta of 1.29.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results 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. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.
Element Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. Element Solutions's payout ratio is currently 28.83%.
Element Solutions Profile
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Free Report)
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.
Further Reading
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