MQS Management LLC Buys 2,945 Shares of Element Solutions Inc (NYSE:ESI)

MQS Management LLC boosted its stake in Element Solutions Inc (NYSE:ESI) by 38.6% during the third quarter, Holdings Channel reports. The institutional investor owned 10,566 shares of the company’s stock after buying an additional 2,945 shares during the period. MQS Management LLC’s holdings in Element Solutions were worth $287,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ESI. US Bancorp DE grew its position in shares of Element Solutions by 0.9% in the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after purchasing an additional 417 shares during the last quarter. Signaturefd LLC grew its holdings in Element Solutions by 13.8% in the 2nd 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. Equitable Trust Co. increased its position in Element Solutions by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after buying an additional 733 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Element Solutions by 7.5% during the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock worth $309,000 after buying an additional 798 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 864 shares during the period. 92.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ESI shares. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays boosted their price target on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report 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 report on Wednesday, October 30th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Two equities 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’s stock. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Trading Down 1.0 %

ESI opened at $28.24 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.84 billion, a P/E ratio of 25.51, a PEG ratio of 1.57 and a beta of 1.29. Element Solutions Inc has a 1-year low of $20.17 and a 1-year high of $29.16. The company’s 50 day moving average is $26.42 and its 200-day moving average is $25.88.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. Element Solutions’s payout ratio is currently 28.83%.

About Element Solutions

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.