Element Solutions Inc (NYSE:ESI) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Element Solutions Inc (NYSE:ESI) by 0.2% in the third quarter, HoldingsChannel.com reports. The fund owned 1,046,449 shares of the company’s stock after purchasing an additional 2,071 shares during the period. Natixis Advisors LLC’s holdings in Element Solutions were worth $28,422,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Element Solutions by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock worth $143,458,000 after acquiring an additional 676,432 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Element Solutions by 6.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock worth $138,490,000 after acquiring an additional 315,645 shares during the period. Marshall Wace LLP raised its position in Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after acquiring an additional 2,355,554 shares during the period. Clearbridge Investments LLC raised its position in Element Solutions by 16.9% during the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after acquiring an additional 298,668 shares during the period. Finally, WCM Investment Management LLC raised its position in shares of Element Solutions by 2.3% in the third quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company’s stock valued at $50,173,000 after buying an additional 41,309 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 0.1 %

Shares of ESI opened at $28.04 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 12-month low of $20.31 and a 12-month high of $29.16. The firm has a 50-day moving average price of $26.53 and a 200 day moving average price of $25.96. The firm has a market capitalization of $6.79 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.55 and a beta of 1.29.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. Element Solutions’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Sell-side analysts forecast that Element Solutions Inc will post 1.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ESI shares. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Barclays increased their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets increased their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Two 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.