Copeland Capital Management LLC acquired a new stake in shares of Element Solutions Inc (NYSE:ESI – Get Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,901,358 shares of the company's stock, valued at approximately $33,844,000. Copeland Capital Management LLC owned about 0.77% of Element Solutions as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Zone Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 31.8% in the second quarter. Blue Zone Wealth Advisors LLC now owns 152,679 shares of the company's stock worth $2,718,000 after buying an additional 36,821 shares in the last quarter. Parkside Investments LLC lifted its holdings in shares of Element Solutions by 7.9% in the second quarter. Parkside Investments LLC now owns 425,133 shares of the company's stock worth $7,567,000 after buying an additional 31,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Element Solutions by 1.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 289,377 shares of the company's stock worth $6,337,000 after buying an additional 4,039 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Element Solutions in the first quarter worth about $624,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Element Solutions by 3.4% in the first quarter. BNP Paribas Arbitrage SA now owns 38,105 shares of the company's stock worth $834,000 after buying an additional 1,261 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
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Element Solutions Price Performance
Shares of ESI stock traded down $0.47 during trading on Friday, hitting $16.82. The company had a trading volume of 1,536,104 shares, compared to its average volume of 1,041,005. The company has a quick ratio of 2.28, a current ratio of 3.13 and a debt-to-equity ratio of 0.78. The stock's 50-day moving average is $19.10 and its two-hundred day moving average is $19.88. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Element Solutions Inc has a 52 week low of $16.25 and a 52 week high of $26.92.
Element Solutions (NYSE:ESI – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. Element Solutions had a net
margin of 6.15% and a return on equity of 13.99%. The business had revenue of $677.00 million for the quarter, compared to analysts' expectations of $681.97 million. During the same period last year, the business earned $0.35 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts predict that Element Solutions Inc will post 1.53 EPS for the current fiscal year.
Element Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 31st. Element Solutions's payout ratio is currently 49.23%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on ESI shares. StockNews.com raised shares of Element Solutions from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Barclays upgraded shares of Element Solutions from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $24.00 to $22.00 in a research report on Monday, July 11th. Finally, Mizuho decreased their price objective on shares of Element Solutions from $29.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Element Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $25.25.
About Element Solutions
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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.
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