Algert Global LLC Boosts Stake in Element Solutions Inc (NYSE:ESI)

Algert Global LLC boosted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 441.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,333 shares of the company’s stock after acquiring an additional 102,175 shares during the period. Algert Global LLC owned 0.05% of Element Solutions worth $3,404,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Element Solutions in the second quarter valued at approximately $31,000. LRI Investments LLC purchased a new stake in Element Solutions in the 1st quarter valued at $78,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 864 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Element Solutions Price Performance

ESI stock opened at $29.33 on Tuesday. The business’s fifty day moving average price is $26.83 and its 200 day moving average price is $26.12. Element Solutions Inc has a 12-month low of $20.31 and a 12-month high of $29.78. 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 capitalization of $7.10 billion, a PE ratio of 26.42, a P/E/G ratio of 1.60 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued 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. The business 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 business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, sell-side analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is 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.