OneAscent Wealth Management LLC bought a new position in shares of Element Solutions Inc (NYSE:ESI – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,615 shares of the company’s stock, valued at approximately $215,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Element Solutions by 4.8% in the third quarter. Vanguard Group Inc. now owns 22,719,174 shares of the company’s stock valued at $445,523,000 after acquiring an additional 1,035,756 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock valued at $108,390,000 after acquiring an additional 188,350 shares during the last quarter. Glenview Capital Management LLC lifted its holdings in Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock valued at $87,067,000 after acquiring an additional 979,798 shares during the last quarter. Locust Wood Capital Advisers LLC lifted its holdings in Element Solutions by 5.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company’s stock valued at $62,497,000 after acquiring an additional 150,567 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Element Solutions by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,168,978 shares of the company’s stock valued at $50,190,000 after acquiring an additional 65,894 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Element Solutions Stock Up 1.0 %
Element Solutions stock opened at $27.12 on Friday. Element Solutions Inc has a twelve month low of $17.57 and a twelve month high of $27.86. The stock’s fifty day simple moving average is $24.66 and its 200-day simple moving average is $23.87. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $6.56 billion, a P/E ratio of 50.22, a P/E/G ratio of 1.32 and a beta of 1.29.
Element Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s dividend payout ratio is currently 59.26%.
Analysts Set New Price Targets
ESI has been the topic of a number of recent analyst reports. Mizuho upped their price objective on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. UBS Group boosted their target price on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. The Goldman Sachs Group boosted their target price on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.
Read Our Latest Analysis on ESI
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.
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