Element Solutions Inc (NYSE:ESI) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in Element Solutions Inc (NYSE:ESI) by 79.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,612 shares of the company’s stock after purchasing an additional 26,753 shares during the period. Park Avenue Securities LLC’s holdings in Element Solutions were worth $1,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Element Solutions in the 3rd quarter valued at about $25,000. Quarry LP acquired a new position in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its position in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Element Solutions during the 3rd quarter worth approximately $113,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Element Solutions by 306.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,675 shares of the company’s stock worth $127,000 after acquiring an additional 3,525 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Price Performance

Shares of NYSE ESI opened at $25.96 on Friday. Element Solutions Inc has a twelve month low of $21.42 and a twelve month high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The business has a 50 day simple moving average of $26.88 and a 200-day simple moving average of $26.51.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Wall Street Analysts Forecast Growth

ESI has been the topic of several recent research reports. BMO Capital Markets boosted their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Bank of America reissued a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Barclays boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $30.83.

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.