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

World Investment Advisors LLC purchased a new position in shares of Element Solutions Inc (NYSE:ESI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 135,363 shares of the company’s stock, valued at approximately $3,676,000. World Investment Advisors LLC owned 0.06% of Element Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of Element Solutions by 0.9% during the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after buying an additional 417 shares during the period. Signaturefd LLC lifted its position in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the period. Equitable Trust Co. grew its stake in shares of Element Solutions by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock valued at $911,000 after purchasing an additional 733 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the period. Finally, True Wealth Design LLC purchased a new stake in shares of Element Solutions during the third quarter worth approximately $25,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Barclays lifted their price objective on 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 research note on Monday, October 14th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $31.00.

Element Solutions Price Performance

Shares of NYSE: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 firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The business’s 50 day simple moving average is $27.38 and its 200-day simple 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.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping 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 the consensus estimate of $626.52 million. During the same period in the previous year, the business earned $0.36 earnings per share. Element Solutions’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued 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 1.17%. Element Solutions’s dividend payout ratio (DPR) is currently 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.