Blue Trust Inc. Has $64,000 Holdings in Element Solutions Inc (NYSE:ESI)

Blue Trust Inc. lessened its stake in Element Solutions Inc (NYSE:ESI) by 90.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,342 shares of the company’s stock after selling 22,211 shares during the quarter. Blue Trust Inc.’s holdings in Element Solutions were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ESI. Principal Financial Group Inc. boosted its stake in shares of Element Solutions by 243.1% in the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock valued at $2,543,000 after purchasing an additional 72,145 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Element Solutions in the 1st quarter valued at about $863,000. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 6,908 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Element Solutions in the 1st quarter valued at about $341,000. Finally, QRG Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 1,060 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI opened at $27.56 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. Element Solutions Inc has a twelve month low of $17.76 and a twelve month high of $28.68. The firm’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $25.57. The firm has a market cap of $6.67 billion, a P/E ratio of 51.04, a PEG ratio of 1.53 and a beta of 1.29.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Element Solutions Inc will post 1.43 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Wall Street Analysts Forecast Growth

ESI has been the topic of several recent research reports. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.