Element Solutions Inc (NYSE:ESI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Element Solutions Inc (NYSE:ESI) by 28.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,183 shares of the company’s stock after acquiring an additional 4,893 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Element Solutions were worth $602,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ESI. Quarry LP purchased a new position in shares of Element Solutions in the 2nd quarter worth $31,000. LRI Investments LLC acquired a new stake in Element Solutions during the first quarter worth about $78,000. EverSource Wealth Advisors LLC raised its holdings in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC lifted its stake in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Trading Down 0.3 %

Element Solutions stock opened at $28.82 on Friday. Element Solutions Inc has a 12-month low of $18.82 and a 12-month high of $29.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market capitalization of $6.98 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The firm has a 50 day simple moving average of $26.23 and a 200-day simple moving average of $25.73.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results 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 firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period last year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors 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 yield of 1.11%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is currently 28.83%.

Analyst Ratings Changes

ESI has been the subject of several recent research reports. Barclays increased their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.00.

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.