World Investment Advisors LLC Acquires New Position in Element Solutions Inc (NYSE:ESI)

World Investment Advisors LLC bought a new position in Element Solutions Inc (NYSE:ESI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 135,363 shares of the company’s stock, valued at approximately $3,676,000.

Several other institutional investors also recently bought and sold shares of ESI. SG Americas Securities LLC acquired a new position in Element Solutions in the second quarter valued at $1,518,000. Blue Trust Inc. acquired a new position in shares of Element Solutions during the 2nd quarter valued at about $613,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Element Solutions by 6.6% during 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 acquiring an additional 315,645 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Element Solutions by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 1,061,922 shares of the company’s stock worth $28,799,000 after acquiring an additional 60,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Element Solutions by 16.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,690 shares of the company’s stock worth $1,673,000 after acquiring an additional 8,491 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Element Solutions Trading Down 1.9 %

Shares of ESI opened at $27.29 on Friday. Element Solutions Inc has a 12 month low of $21.42 and a 12 month high of $29.78. The stock’s 50-day moving average is $27.38 and its two-hundred day moving average is $26.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market cap of $6.61 billion, a PE ratio of 24.59, a P/E/G ratio of 1.52 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 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts forecast 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. Stockholders of record on Monday, December 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

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.