Teachers Retirement System of The State of Kentucky Raises Stock Position in Element Solutions Inc (NYSE:ESI)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Element Solutions Inc (NYSE:ESIGet Rating) by 1.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 289,377 shares of the company’s stock after purchasing an additional 4,039 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Element Solutions were worth $6,337,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ESI. Vanguard Group Inc. lifted its position in Element Solutions by 5.0% during the first quarter. Vanguard Group Inc. now owns 20,627,823 shares of the company’s stock valued at $451,749,000 after purchasing an additional 984,222 shares during the last quarter. Gates Capital Management Inc. lifted its position in Element Solutions by 3.7% during the first quarter. Gates Capital Management Inc. now owns 9,989,836 shares of the company’s stock valued at $218,777,000 after purchasing an additional 357,956 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Element Solutions by 2.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,276,978 shares of the company’s stock valued at $159,365,000 after purchasing an additional 179,340 shares during the last quarter. Invesco Ltd. lifted its position in Element Solutions by 0.6% during the fourth quarter. Invesco Ltd. now owns 7,214,009 shares of the company’s stock valued at $175,156,000 after purchasing an additional 45,393 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Element Solutions by 10.2% during the first quarter. American Century Companies Inc. now owns 5,592,001 shares of the company’s stock valued at $122,465,000 after purchasing an additional 515,836 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Element Solutions Trading Down 3.1 %

NYSE:ESI opened at $17.95 on Friday. The company has a fifty day moving average of $19.10 and a 200 day moving average of $19.99. Element Solutions Inc has a 52 week low of $16.25 and a 52 week high of $26.92. The company has a quick ratio of 2.28, a current ratio of 3.13 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $4.40 billion, a P/E ratio of 27.62, a P/E/G ratio of 0.90 and a beta of 1.37.

Element Solutions (NYSE:ESIGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Element Solutions had a net margin of 6.15% and a return on equity of 13.99%. The company had revenue of $677.00 million during the quarter, compared to analyst estimates of $681.97 million. During the same period in the prior year, the business posted $0.35 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, research analysts predict that Element Solutions Inc will post 1.53 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, August 31st. Element Solutions’s payout ratio is currently 49.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ESI. Mizuho lowered their price objective on shares of Element Solutions from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Barclays upgraded shares of Element Solutions from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $24.00 to $22.00 in a report on Monday, July 11th. Finally, StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.25.

Element Solutions Company Profile

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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.

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Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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