Swiss National Bank Boosts Holdings in Element Solutions Inc (NYSE:ESI)

Swiss National Bank grew its holdings in Element Solutions Inc (NYSE:ESI) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 492,089 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Swiss National Bank’s holdings in Element Solutions were worth $10,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Element Solutions in the second quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new position in shares of Element Solutions in the second quarter valued at approximately $46,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Element Solutions in the second quarter valued at approximately $112,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Element Solutions in the second quarter valued at approximately $117,000. Finally, Stifel Financial Corp purchased a new position in shares of Element Solutions in the second quarter valued at approximately $213,000. 90.04% of the stock is owned by institutional investors and hedge funds.

Shares of Element Solutions stock opened at $24.70 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.88 and a debt-to-equity ratio of 0.75. Element Solutions Inc has a 52-week low of $15.86 and a 52-week high of $26.92. The company has a 50 day moving average of $24.07 and a 200 day moving average of $23.35. The company has a market capitalization of $6.11 billion, a P/E ratio of 26.56, a P/E/G ratio of 0.64 and a beta of 1.52.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Wednesday, October 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Element Solutions had a net margin of 10.02% and a return on equity of 14.08%. The company had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $578.47 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, research analysts anticipate that Element Solutions Inc will post 1.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. This is a boost from Element Solutions’s previous quarterly dividend of $0.06. Element Solutions’s dividend payout ratio (DPR) is presently 34.41%.

A number of research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Element Solutions in a research note on Tuesday, October 12th. They issued a “buy” rating and a $27.00 price target for the company. Morgan Stanley lifted their price target on shares of Element Solutions from $22.50 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Element Solutions from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Wednesday, September 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.04.

Element Solutions Company Profile

Element Solutions, Inc engages in the formulation of chemical solutions that enhance the performance of products people use every day. It operates through the following segments: Electronics and Industrial & Specialty. The Electronics segment focuses on the research and formulation of specialty chemicals and materials for all types of electronics hardware, from complex printed circuit board designs to new interconnection materials.

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

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