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

MQS Management LLC lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 38.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,566 shares of the company’s stock after acquiring an additional 2,945 shares during the quarter. MQS Management LLC’s holdings in Element Solutions were worth $287,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in Element Solutions by 0.9% during the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after purchasing an additional 417 shares during the last quarter. Signaturefd LLC increased its position in shares of Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of Element Solutions by 2.2% during the third quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after acquiring an additional 733 shares during the period. QRG Capital Management Inc. lifted its position in Element Solutions by 7.5% in the 2nd quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after acquiring an additional 798 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 864 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Down 1.0 %

Shares of Element Solutions stock opened at $28.24 on Friday. Element Solutions Inc has a 12-month low of $20.17 and a 12-month high of $29.16. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $26.42 and its 200-day moving average is $25.88. The stock has a market cap of $6.84 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.57 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share 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 company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period in the previous year, the business earned $0.36 EPS. Element Solutions’s revenue for the quarter 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

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