Cwm LLC Has $409,000 Stake in Element Solutions Inc (NYSE:ESI)

Cwm LLC lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 633.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,041 shares of the company’s stock after purchasing an additional 12,989 shares during the quarter. Cwm LLC’s holdings in Element Solutions were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ESI. SG Americas Securities LLC bought a new stake in Element Solutions during the second quarter worth $1,518,000. Capital World Investors bought a new stake in Element Solutions during the first quarter worth $44,527,000. Cubist Systematic Strategies LLC bought a new stake in Element Solutions during the second quarter worth $5,668,000. Blue Trust Inc. bought a new stake in Element Solutions during the second quarter worth $613,000. Finally, Principal Financial Group Inc. grew its holdings in Element Solutions by 243.1% during the first quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after buying an additional 72,145 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESI has been the subject of several recent research reports. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. 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. 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. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Element Solutions Stock Down 1.1 %

ESI stock opened at $25.24 on Monday. 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 company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.41 and a beta of 1.29. Element Solutions Inc has a fifty-two week low of $17.57 and a fifty-two week high of $28.68. The stock has a fifty day moving average of $25.86 and a 200-day moving average of $25.50.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. Element Solutions’s dividend payout ratio (DPR) is 39.51%.

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.