Advisors Asset Management Inc. Has $679,000 Stock Position in Element Solutions Inc (NYSE:ESI)

Advisors Asset Management Inc. boosted its position in shares of Element Solutions Inc (NYSE:ESI) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,013 shares of the company’s stock after purchasing an additional 1,902 shares during the quarter. Advisors Asset Management Inc.’s holdings in Element Solutions were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ESI. Quarry LP acquired a new position in Element Solutions in the second quarter valued at approximately $31,000. LRI Investments LLC acquired a new stake in Element Solutions during the 1st quarter worth $78,000. EverSource Wealth Advisors LLC lifted its stake 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 valued at $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC boosted its position 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 worth $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Element Solutions by 13.8% in 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 last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 2.3 %

Shares of NYSE:ESI opened at $28.65 on Wednesday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.60 and a beta of 1.29. Element Solutions Inc has a 12 month low of $20.31 and a 12 month high of $29.78. The company’s fifty day simple moving average is $26.90 and its 200 day simple moving average is $26.15. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78.

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 the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, research analysts forecast that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given 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 is Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 28.83%.

Analyst Ratings Changes

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

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.