Point72 Asia Singapore Pte. Ltd. Takes $145,000 Position in Element Solutions Inc (NYSE:ESI)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Element Solutions Inc (NYSE:ESI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,347 shares of the company’s stock, valued at approximately $145,000.

A number of other large investors also recently bought and sold shares of ESI. Dana Investment Advisors Inc. raised its position in Element Solutions by 5.0% during the second quarter. Dana Investment Advisors Inc. now owns 62,482 shares of the company’s stock worth $1,695,000 after acquiring an additional 2,990 shares during the period. Point72 Asset Management L.P. raised its position in shares of Element Solutions by 124.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 425,444 shares of the company’s stock worth $11,538,000 after purchasing an additional 235,668 shares during the last quarter. Quarry LP purchased a new position in Element Solutions in the 2nd quarter valued at about $31,000. Creative Planning boosted its holdings in Element Solutions by 24.0% in the 2nd quarter. Creative Planning now owns 15,580 shares of the company’s stock worth $423,000 after buying an additional 3,020 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Element Solutions during the 2nd quarter worth approximately $628,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ESI shares. BMO Capital Markets restated 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. UBS Group lifted their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Mizuho boosted their price target on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Shares of ESI stock opened at $26.27 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The company has a market capitalization of $6.36 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The firm’s 50-day moving average is $25.83 and its two-hundred day moving average is $25.41. Element Solutions Inc has a 12 month low of $17.57 and a 12 month high of $28.68.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. Analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 59.26%.

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.