Brinker Capital Investments LLC increased its position in Element Solutions Inc (NYSE:ESI – Get Rating) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,261 shares of the company's stock after purchasing an additional 6,501 shares during the quarter. Brinker Capital Investments LLC's holdings in Element Solutions were worth $2,123,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ESI. HighTower Advisors LLC raised its stake in Element Solutions by 14.5% during the fourth quarter. HighTower Advisors LLC now owns 13,223 shares of the company's stock worth $321,000 after acquiring an additional 1,673 shares in the last quarter. Geode Capital Management LLC raised its stake in Element Solutions by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 2,735,965 shares of the company's stock worth $66,429,000 after acquiring an additional 91,305 shares in the last quarter. Gotham Asset Management LLC acquired a new position in Element Solutions during the fourth quarter worth $277,000. Barclays PLC raised its stake in Element Solutions by 1,772.2% during the fourth quarter. Barclays PLC now owns 225,167 shares of the company's stock worth $5,467,000 after acquiring an additional 213,140 shares in the last quarter. Finally, State Street Corp raised its stake in Element Solutions by 2.5% during the fourth quarter. State Street Corp now owns 3,312,500 shares of the company's stock worth $80,428,000 after acquiring an additional 80,653 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.Get Element Solutions alerts:
Analyst Upgrades and Downgrades
Several research firms have issued reports on ESI. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Friday, July 29th. Barclays upgraded Element Solutions from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $24.00 to $22.00 in a research note on Monday, July 11th. Finally, Mizuho lowered their target price on Element Solutions from $29.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.25.
Element Solutions Stock PerformanceShares of NYSE:ESI opened at $16.27 on Friday. The business has a fifty day moving average of $18.94 and a 200-day moving average of $19.74. The firm has a market cap of $3.99 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. Element Solutions Inc has a twelve month low of $16.07 and a twelve month high of $26.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.13.
Element Solutions (NYSE:ESI – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $677.00 million for the quarter, compared to analysts' expectations of $681.97 million. Element Solutions had a return on equity of 13.99% and a net margin of 6.15%. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. On average, equities research analysts predict that Element Solutions Inc will post 1.53 EPS for the current fiscal year.
Element Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, August 31st. Element Solutions's dividend payout ratio is 49.23%.
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.
- Get a free copy of the StockNews.com research report on Element Solutions (ESI)
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