Element Solutions Inc (NYSE:ESI) Position Increased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 27.9% in the 3rd quarter, Holdings Channel reports. The fund owned 21,319 shares of the company’s stock after buying an additional 4,651 shares during the period. Chesapeake Capital Corp IL’s holdings in Element Solutions were worth $576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its position in Element Solutions by 79.2% in the 1st quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company’s stock valued at $390,000 after buying an additional 6,908 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Element Solutions in the 1st quarter valued at about $341,000. QRG Capital Management Inc. grew its position in Element Solutions by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 10,591 shares of the company’s stock valued at $265,000 after buying an additional 1,060 shares in the last quarter. Clearbridge Investments LLC grew its position in Element Solutions by 16.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock valued at $51,485,000 after buying an additional 298,668 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Element Solutions by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 702,469 shares of the company’s stock valued at $17,548,000 after buying an additional 28,885 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI stock opened at $28.07 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a one year low of $20.17 and a one year high of $29.16. The firm has a market capitalization of $6.80 billion, a PE ratio of 25.29, a P/E/G ratio of 1.55 and a beta of 1.29. The firm has a 50-day moving average of $26.53 and a two-hundred day moving average of $25.94.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating 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 company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 28.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Barclays upped their price target 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. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.00.

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.