Element Solutions Inc (NYSE:ESI) Position Increased by Barclays PLC

Barclays PLC lifted its position in Element Solutions Inc (NYSE:ESI) by 96.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,174 shares of the company’s stock after acquiring an additional 52,973 shares during the period. Barclays PLC’s holdings in Element Solutions were worth $2,938,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ESI. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Element Solutions by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock worth $143,458,000 after acquiring an additional 676,432 shares in the last quarter. State Street Corp lifted its position in shares of Element Solutions by 5.6% in the third quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after purchasing an additional 230,793 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after purchasing an additional 2,355,554 shares during the period. Ilex Capital Partners UK LLP grew its position in Element Solutions by 162.7% during the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after purchasing an additional 1,529,607 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Element Solutions by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock valued at $62,458,000 after buying an additional 38,859 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays raised their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets raised their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.40.

Element Solutions Stock Up 0.8 %

Shares of ESI stock opened at $25.74 on Wednesday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The stock’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $26.64. Element Solutions Inc has a twelve month low of $21.42 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the previous year, the company earned $0.36 earnings per share. Element Solutions’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts predict that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. Element Solutions’s payout ratio is presently 28.83%.

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.