Capital World Investors Invests $44.53 Million in Element Solutions Inc (NYSE:ESI)

Capital World Investors purchased a new stake in Element Solutions Inc (NYSE:ESI) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,782,500 shares of the company’s stock, valued at approximately $44,527,000.

Several other institutional investors also recently made changes to their positions in ESI. Vaughan Nelson Investment Management L.P. increased its position in Element Solutions by 2.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,790,909 shares of the company’s stock worth $119,676,000 after purchasing an additional 106,800 shares in the last quarter. Glenview Capital Management LLC increased its position in shares of Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock worth $87,067,000 after acquiring an additional 979,798 shares in the last quarter. Locust Wood Capital Advisers LLC raised its stake in shares of Element Solutions by 5.9% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company’s stock valued at $62,497,000 after acquiring an additional 150,567 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Element Solutions by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,168,978 shares of the company’s stock valued at $50,190,000 after acquiring an additional 65,894 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Element Solutions by 16.9% during the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after purchasing an additional 298,668 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ESI shares. The Goldman Sachs Group boosted their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. UBS Group upped their price target on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 24th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Finally, Mizuho upped their target price on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Shares of NYSE ESI opened at $26.93 on Friday. The business has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $24.50. Element Solutions Inc has a fifty-two week low of $17.57 and a fifty-two week high of $28.68. The firm has a market cap of $6.52 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 1.31 and a beta of 1.31. The company has a quick ratio of 2.69, a current ratio of 3.63 and a debt-to-equity ratio of 0.82.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Sell-side analysts expect that Element Solutions Inc will post 1.43 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.08 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

About Element Solutions

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.