Advisors Asset Management Inc. Buys 1,902 Shares of Element Solutions Inc (NYSE:ESI)

Advisors Asset Management Inc. lifted its position in Element Solutions Inc (NYSE:ESI) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,013 shares of the company’s stock after buying an additional 1,902 shares during the quarter. Advisors Asset Management Inc.’s holdings in Element Solutions were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Element Solutions in the second quarter valued at $31,000. LRI Investments LLC bought a new stake in shares of Element Solutions in the 1st quarter valued at about $78,000. EverSource Wealth Advisors LLC lifted its stake in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC grew its holdings in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the period. Finally, Signaturefd LLC increased its position in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ESI shares. BMO Capital Markets lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Barclays upped their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Trading Down 2.3 %

ESI stock opened at $28.65 on Wednesday. Element Solutions Inc has a 52 week low of $20.31 and a 52 week high of $29.78. The company has a market capitalization of $6.94 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. The company’s 50-day simple moving average is $26.90 and its 200 day simple moving average is $26.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.12%. Element Solutions’s dividend payout ratio is presently 28.83%.

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.