Ceredex Value Advisors LLC Acquires 190,350 Shares of Element Solutions Inc (NYSE:ESI)

Ceredex Value Advisors LLC lifted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 51.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 559,106 shares of the company’s stock after acquiring an additional 190,350 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.23% of Element Solutions worth $15,185,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ESI. Quarry LP acquired a new stake in Element Solutions in the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake 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 in the last quarter. Quest Partners LLC lifted its position in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the period. LRI Investments LLC acquired a new stake in shares of Element Solutions during the 1st quarter worth approximately $78,000. Finally, Signaturefd LLC increased its stake in shares of 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 purchasing an additional 448 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $27.20 on Friday. Element Solutions Inc has a 1-year low of $18.19 and a 1-year high of $28.68. The company has a current ratio of 3.52, a quick ratio of 2.60 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $25.61. The company has a market cap of $6.59 billion, a P/E ratio of 24.50, a PEG ratio of 1.56 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted 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. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, analysts anticipate that Element Solutions Inc will post 1.43 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared 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 of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.18%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Analysts Set New Price Targets

ESI has been the subject of several research analyst reports. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Barclays boosted their price objective on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.