Element Solutions Inc (NYSE:ESI) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Element Solutions Inc (NYSE:ESI) by 455.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,976 shares of the company’s stock after purchasing an additional 40,986 shares during the period. Hsbc Holdings PLC’s holdings in Element Solutions were worth $1,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ESI. Capital World Investors acquired a new stake in Element Solutions during the first quarter worth about $44,527,000. Glenview Capital Management LLC increased its position in shares of Element Solutions by 35.2% during the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock valued at $87,067,000 after acquiring an additional 979,798 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Element Solutions by 10,622.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock valued at $19,636,000 after acquiring an additional 840,653 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Element Solutions by 39.4% during the fourth quarter. Schroder Investment Management Group now owns 1,538,278 shares of the company’s stock valued at $35,596,000 after acquiring an additional 434,590 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Element Solutions by 493.3% during the fourth quarter. Verition Fund Management LLC now owns 505,167 shares of the company’s stock valued at $11,690,000 after acquiring an additional 420,017 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 0.0 %

NYSE ESI opened at $27.01 on Friday. The firm has a 50 day simple moving average of $25.86 and a 200-day simple moving average of $25.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. Element Solutions Inc has a one year low of $17.57 and a one year high of $28.68. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 1.37 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.18%. Element Solutions’s dividend payout ratio is currently 59.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ESI. StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Mizuho lifted their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. The Goldman Sachs Group lifted their price target on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

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.