New England Research & Management Inc. Invests $202,000 in Element Solutions Inc (NYSE:ESI)

New England Research & Management Inc. bought a new position in Element Solutions Inc (NYSE:ESI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,100 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently modified their holdings of ESI. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Element Solutions in the third quarter worth about $398,000. Mariner LLC boosted its holdings in Element Solutions by 5.7% in the third quarter. Mariner LLC now owns 49,332 shares of the company’s stock valued at $967,000 after purchasing an additional 2,682 shares during the last quarter. Stifel Financial Corp boosted its holdings in Element Solutions by 3.3% in the third quarter. Stifel Financial Corp now owns 104,850 shares of the company’s stock valued at $2,056,000 after purchasing an additional 3,315 shares during the last quarter. Northern Trust Corp boosted its holdings in Element Solutions by 2.7% in the third quarter. Northern Trust Corp now owns 1,730,459 shares of the company’s stock valued at $33,934,000 after purchasing an additional 45,752 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Element Solutions in the third quarter valued at about $1,569,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Up 1.0 %

Shares of Element Solutions stock opened at $27.12 on Friday. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. The business’s 50 day simple moving average is $24.66 and its 200-day simple moving average is $23.87. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 1.32 and a beta of 1.29. Element Solutions Inc has a twelve month low of $17.57 and a twelve month high of $27.86.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $575.00 million for the quarter, compared to analysts’ expectations of $588.17 million. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Equities research analysts forecast that Element Solutions Inc will post 1.43 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, May 31st. Element Solutions’s dividend payout ratio is currently 59.26%.

Analyst Ratings Changes

ESI has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. UBS Group upped their price objective on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Mizuho upped their price objective on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Element Solutions presently has an average 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.