Element Solutions Inc (NYSE:ESI) Shares Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 27.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,319 shares of the company’s stock after buying an additional 4,651 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Element Solutions were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ESI. Quarry LP purchased a new stake in Element Solutions in the second quarter valued at approximately $31,000. LRI Investments LLC purchased a new stake in Element Solutions in the first quarter valued at approximately $78,000. EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% in the second 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 grew its holdings in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the period. Finally, Signaturefd LLC lifted its position in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after buying an additional 448 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Down 0.6 %

ESI opened at $28.07 on Friday. The stock has a market capitalization of $6.80 billion, a PE ratio of 25.29, a P/E/G ratio of 1.55 and a beta of 1.29. The firm’s fifty day moving average price is $26.53 and its 200 day moving average price is $25.94. 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 Inc has a 12-month low of $20.17 and a 12-month high of $29.16.

Element Solutions (NYSE:ESI) last posted 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 analysts’ expectations of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, research analysts expect that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a yield of 1.14%. Element Solutions’s payout ratio is 28.83%.

Analyst Upgrades and Downgrades

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

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.