Element Solutions Inc (NYSE:ESI) Position Increased by Atom Investors LP

Atom Investors LP boosted its position in shares of Element Solutions Inc (NYSE:ESI) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,805 shares of the company’s stock after purchasing an additional 5,550 shares during the period. Atom Investors LP’s holdings in Element Solutions were worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Element Solutions during the 2nd quarter worth about $1,518,000. Cubist Systematic Strategies LLC bought a new position in Element Solutions during the second quarter valued at approximately $5,668,000. Blue Trust Inc. acquired a new stake in Element Solutions in the second quarter valued at approximately $613,000. Sequoia Financial Advisors LLC bought a new stake in Element Solutions in the third quarter worth approximately $1,161,000. Finally, Cerity Partners LLC grew its position in Element Solutions by 40.4% in the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after acquiring an additional 49,466 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Trading Down 0.7 %

Shares of NYSE:ESI opened at $28.47 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The stock’s 50-day moving average is $27.19 and its 200-day moving average is $26.32. The company has a market cap of $6.89 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.58 and a beta of 1.28. Element Solutions Inc has a 52-week low of $20.31 and a 52-week high of $29.78.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share 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 firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same period in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. Element Solutions’s payout ratio is 28.83%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ESI shares. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Barclays raised their target price on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” 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. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, BMO Capital Markets boosted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

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.