19,092 Shares in Element Solutions Inc (NYSE:ESI) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new stake in Element Solutions Inc (NYSE:ESI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,092 shares of the company’s stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ESI. SG Americas Securities LLC acquired a new position in shares of Element Solutions during the second quarter worth $1,518,000. Capital World Investors acquired a new position in shares of Element Solutions during the 1st quarter worth about $44,527,000. Blue Trust Inc. purchased a new position in shares of Element Solutions in the 2nd quarter valued at about $613,000. Principal Financial Group Inc. raised its position in shares of Element Solutions by 243.1% during the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after acquiring an additional 72,145 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Element Solutions by 7.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,762,392 shares of the company’s stock worth $40,782,000 after purchasing an additional 118,237 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 1.8 %

NYSE ESI opened at $25.23 on Thursday. The firm’s fifty day moving average is $26.05 and its two-hundred day moving average is $25.23. Element Solutions Inc has a one year low of $17.57 and a one year high of $28.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. The firm has a market cap of $6.11 billion, a PE ratio of 46.72, a P/E/G ratio of 1.35 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The firm had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho increased their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. UBS Group boosted their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group raised their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Finally, StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.40.

About Element Solutions

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.