HighTower Advisors LLC Has $320,000 Position in Element Solutions Inc (NYSE:ESI)

HighTower Advisors LLC decreased its position in shares of Element Solutions Inc (NYSE:ESI) by 20.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,870 shares of the company’s stock after selling 3,042 shares during the period. HighTower Advisors LLC’s holdings in Element Solutions were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in Element Solutions by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 1,061,922 shares of the company’s stock valued at $28,799,000 after buying an additional 60,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Element Solutions by 16.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,690 shares of the company’s stock worth $1,673,000 after purchasing an additional 8,491 shares during the last quarter. 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. Commonwealth Equity Services LLC bought a new position in shares of Element Solutions during the 2nd quarter worth approximately $453,000. Finally, nVerses Capital LLC increased its stake in Element Solutions by 24.6% in the second quarter. nVerses Capital LLC now owns 7,600 shares of the company’s stock valued at $206,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Barclays raised their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Element Solutions Trading Up 1.0 %

NYSE ESI opened at $25.54 on Tuesday. The stock has a 50 day simple moving average of $27.39 and a two-hundred day simple moving average of $26.64. Element Solutions Inc has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The stock has a market cap of $6.18 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. 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 released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period in the previous year, the company posted $0.36 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

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.