Element Solutions Inc (NYSE:ESI) Stake Raised by Ilex Capital Partners UK LLP

Ilex Capital Partners UK LLP lifted its position in Element Solutions Inc (NYSE:ESI) by 162.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,470,003 shares of the company’s stock after buying an additional 1,529,607 shares during the quarter. Element Solutions makes up 4.5% of Ilex Capital Partners UK LLP’s investment portfolio, making the stock its 8th largest holding. Ilex Capital Partners UK LLP’s holdings in Element Solutions were worth $67,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in Element Solutions by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock valued at $143,458,000 after purchasing an additional 676,432 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Element Solutions by 6.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock valued at $138,490,000 after purchasing an additional 315,645 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Element Solutions by 149.2% during the 2nd quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after purchasing an additional 2,355,554 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Element Solutions by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock worth $62,458,000 after purchasing an additional 38,859 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Element Solutions by 2.8% in the third quarter. Segall Bryant & Hamill LLC now owns 2,000,181 shares of the company’s stock valued at $54,325,000 after buying an additional 53,781 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of several research analyst reports. Barclays upped 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. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, BMO Capital Markets boosted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Stock Performance

ESI traded down $0.05 on Tuesday, hitting $28.42. 10,008 shares of the company’s stock were exchanged, compared to its average volume of 1,360,847. 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 stock has a fifty day moving average of $27.19 and a two-hundred day moving average of $26.32. Element Solutions Inc has a twelve month low of $20.31 and a twelve month high of $29.78. The firm has a market cap of $6.88 billion, a PE ratio of 25.65, a P/E/G ratio of 1.58 and a beta of 1.28.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.13%. Element Solutions’s dividend payout ratio is currently 28.83%.

Element Solutions Company 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.