Tidal Investments LLC Grows Position in Element Solutions Inc (NYSE:ESI)

Tidal Investments LLC boosted its stake in shares of Element Solutions Inc (NYSE:ESI) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,324 shares of the company’s stock after purchasing an additional 4,971 shares during the period. Tidal Investments LLC’s holdings in Element Solutions were worth $1,394,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ESI. World Investment Advisors LLC acquired a new stake in shares of Element Solutions during the 3rd quarter worth $3,676,000. Geode Capital Management LLC increased its stake in Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after acquiring an additional 18,791 shares during the last quarter. Barclays PLC raised its holdings in shares of Element Solutions by 96.0% in the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock worth $2,938,000 after purchasing an additional 52,973 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Element Solutions by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 338,904 shares of the company’s stock valued at $9,205,000 after purchasing an additional 2,277 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Element Solutions during the 3rd quarter worth about $374,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ESI. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Barclays lifted their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Element Solutions Stock Performance

Shares of ESI stock opened at $25.68 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company’s fifty day moving average price is $27.42 and its two-hundred day moving average price is $26.59. The firm has a market capitalization of $6.22 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.51 and a beta of 1.28. Element Solutions Inc has a 12 month low of $21.42 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations 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 was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, research analysts anticipate that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, December 2nd. Element Solutions’s 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.