Campbell & CO Investment Adviser LLC Takes Position in Element Solutions Inc (NYSE:ESI)

Campbell & CO Investment Adviser LLC bought a new stake in shares of Element Solutions Inc (NYSE:ESI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,725 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ESI. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Element Solutions by 778.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,243 shares of the company’s stock valued at $38,000 after buying an additional 2,874 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Element Solutions by 4,991.8% during the fourth quarter. Advisor Group Inc. now owns 4,939 shares of the company’s stock valued at $57,000 after buying an additional 4,842 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of Element Solutions during the first quarter valued at approximately $83,000. FDx Advisors Inc. bought a new position in shares of Element Solutions during the first quarter valued at approximately $107,000. Finally, Acadian Asset Management LLC grew its stake in shares of Element Solutions by 297.4% during the first quarter. Acadian Asset Management LLC now owns 14,173 shares of the company’s stock valued at $118,000 after buying an additional 10,607 shares during the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ESI opened at $10.86 on Friday. Element Solutions Inc has a 52-week low of $5.35 and a 52-week high of $12.74. The stock has a market cap of $2.68 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 3.14 and a beta of 1.88. The business’s 50 day moving average is $10.80 and its 200 day moving average is $10.39. The company has a quick ratio of 1.55, a current ratio of 1.90 and a debt-to-equity ratio of 0.71.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Element Solutions had a return on equity of 9.44% and a net margin of 4.24%. The company had revenue of $452.60 million for the quarter, compared to analysts’ expectations of $436.38 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Element Solutions’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Element Solutions Inc will post 0.79 EPS for the current fiscal year.

Separately, SunTrust Banks upped their target price on Element Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Element Solutions currently has an average rating of “Hold” and an average price target of $11.14.

Element Solutions Profile

Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

Recommended Story: Initial Coin Offerings entail a high degree of risk

Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc (NYSE:ESI).

Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.