Creative Planning Has $333,000 Position in Element Solutions Inc (NYSE:ESI)

Creative Planning reduced its position in shares of Element Solutions Inc (NYSE:ESI) by 21.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,259 shares of the company’s stock after selling 3,321 shares during the quarter. Creative Planning’s holdings in Element Solutions were worth $333,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Element Solutions by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock valued at $143,458,000 after purchasing an additional 676,432 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock worth $138,490,000 after acquiring an additional 315,645 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Element Solutions by 149.2% in the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after acquiring an additional 2,355,554 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Element Solutions by 16.9% in the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after acquiring an additional 298,668 shares during the last quarter. Finally, Capital World Investors acquired a new position in shares of Element Solutions in the first quarter worth $44,527,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Down 0.9 %

ESI stock opened at $28.57 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. Element Solutions Inc has a 52-week low of $18.85 and a 52-week high of $29.16. The company has a 50-day moving average of $26.27 and a two-hundred day moving average of $25.77. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released 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 net margin of 11.08% and a return on equity of 14.42%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 1.12%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

Analyst Upgrades and Downgrades

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