Equitable Trust Co. Boosts Stock Position in Element Solutions Inc (NYSE:ESI)

Equitable Trust Co. grew its stake in shares of Element Solutions Inc (NYSE:ESI) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 33,527 shares of the company’s stock after buying an additional 733 shares during the period. Equitable Trust Co.’s holdings in Element Solutions were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ESI. Quarry LP purchased a new position in shares of Element Solutions during the 2nd quarter valued at about $31,000. LRI Investments LLC purchased a new position in Element Solutions in the 1st quarter worth approximately $78,000. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares in the last quarter. Quest Partners LLC lifted its holdings in 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 in the last quarter. Finally, Signaturefd LLC lifted its holdings in 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 in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Barclays boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Stock Down 0.9 %

Shares of ESI opened at $28.57 on Friday. 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 Inc has a 1 year low of $18.85 and a 1 year high of $29.16. The business’s 50 day simple moving average is $26.27 and its 200-day simple moving average is $25.78. 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 (NYSE:ESI) last released its earnings results on Monday, October 28th. The company reported $0.39 earnings per share 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, equities analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is currently 28.83%.

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.