World Investment Advisors LLC Invests $3.68 Million in Element Solutions Inc (NYSE:ESI)

World Investment Advisors LLC purchased a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 135,363 shares of the company's stock, valued at approximately $3,676,000. World Investment Advisors LLC owned about 0.06% of Element Solutions as of its most recent SEC filing.

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

Element Solutions Stock Down 1.9 %

NYSE ESI traded down $0.53 during trading hours on Friday, reaching $27.29. 880,623 shares of the company's stock were exchanged, compared to its average volume of 1,355,340. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company's 50-day moving average is $27.38 and its two-hundred day moving average is $26.52. Element Solutions Inc has a one year low of $21.42 and a one year high of $29.78.

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

Element Solutions Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. Element Solutions's dividend payout ratio (DPR) is 28.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ESI. Barclays raised their price target on Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. StockNews.com cut 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 note on Monday, October 14th. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Element Solutions Company 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.