Element Solutions Inc (NYSE:ESI) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its holdings in Element Solutions Inc (NYSE:ESI) by 14,600.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,234 shares of the company’s stock after acquiring an additional 3,212 shares during the quarter. Quest Partners LLC’s holdings in Element Solutions were worth $88,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital World Investors purchased a new stake in Element Solutions during the 1st quarter worth approximately $44,527,000. Glenview Capital Management LLC raised its holdings in Element Solutions by 35.2% in 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 in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Element Solutions by 10,622.4% during the 4th 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 grew its holdings in Element Solutions by 39.4% during the 4th quarter. Schroder Investment Management Group now owns 1,538,278 shares of the company’s stock worth $35,596,000 after acquiring an additional 434,590 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Element Solutions by 493.3% in the 4th quarter. Verition Fund Management LLC now owns 505,167 shares of the company’s stock worth $11,690,000 after purchasing an additional 420,017 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ESI. The Goldman Sachs Group upped their price objective on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Mizuho raised their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. UBS Group boosted their target price on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th. BMO Capital Markets restated an “outperform” rating and issued a $30.00 price target (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Finally, StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Shares of NYSE ESI opened at $25.69 on Wednesday. Element Solutions Inc has a 1-year low of $17.57 and a 1-year high of $28.68. The firm has a market capitalization of $6.22 billion, a PE ratio of 47.57, a P/E/G ratio of 1.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The business’s fifty day moving average price is $26.10 and its two-hundred day moving average price is $25.23.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, research analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. Element Solutions’s dividend payout ratio is presently 59.26%.

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.