Ceredex Value Advisors LLC Raises Stock Holdings in Element Solutions Inc (NYSE:ESI)

Ceredex Value Advisors LLC boosted its holdings in Element Solutions Inc (NYSE:ESI) by 51.6% during the 3rd quarter, Holdings Channel reports. The firm owned 559,106 shares of the company’s stock after acquiring an additional 190,350 shares during the period. Ceredex Value Advisors LLC’s holdings in Element Solutions were worth $15,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Element Solutions in the 2nd quarter worth approximately $1,518,000. Capital World Investors purchased a new position in shares of Element Solutions during the 1st quarter valued at $44,527,000. Cubist Systematic Strategies LLC bought a new position in shares of Element Solutions during the 2nd quarter worth $5,668,000. Blue Trust Inc. purchased a new stake in Element Solutions in the 2nd quarter worth about $613,000. Finally, Principal Financial Group Inc. raised its stake in Element Solutions by 243.1% in the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock valued at $2,543,000 after acquiring an additional 72,145 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ESI shares. Barclays lifted their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. BMO Capital Markets increased their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Trading Up 0.4 %

Shares of ESI stock opened at $27.20 on Friday. Element Solutions Inc has a 52-week low of $18.19 and a 52-week high of $28.68. The business’s fifty day moving average is $26.07 and its 200 day moving average is $25.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.60 and a current ratio of 3.52. The company has a market capitalization of $6.59 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly 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. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions Inc will post 1.43 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio is currently 28.83%.

Element Solutions Company 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.