Swiss National Bank Has $9.88 Million Stock Position in Element Solutions Inc (NYSE:ESI)

Swiss National Bank grew its position in shares of Element Solutions Inc (NYSE:ESIGet Rating) by 5.4% in the second quarter, HoldingsChannel reports. The fund owned 555,289 shares of the company’s stock after acquiring an additional 28,600 shares during the period. Swiss National Bank’s holdings in Element Solutions were worth $9,884,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. PYA Waltman Capital LLC boosted its position in Element Solutions by 1.1% during the 1st quarter. PYA Waltman Capital LLC now owns 47,848 shares of the company’s stock worth $1,048,000 after acquiring an additional 510 shares during the last quarter. Equitable Trust Co. boosted its position in Element Solutions by 2.5% during the 1st quarter. Equitable Trust Co. now owns 22,831 shares of the company’s stock worth $500,000 after acquiring an additional 547 shares during the last quarter. Covestor Ltd boosted its position in Element Solutions by 32.1% during the 1st quarter. Covestor Ltd now owns 2,845 shares of the company’s stock worth $62,000 after acquiring an additional 692 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its position in Element Solutions by 2.6% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 32,964 shares of the company’s stock worth $722,000 after acquiring an additional 845 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Element Solutions by 19.1% in the 1st quarter. US Bancorp DE now owns 6,710 shares of the company’s stock valued at $147,000 after buying an additional 1,078 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Element Solutions Stock Up 0.5 %

ESI opened at $19.14 on Monday. Element Solutions Inc has a 1-year low of $15.31 and a 1-year high of $25.65. The stock’s fifty day simple moving average is $17.47 and its 200 day simple moving average is $18.71. The company has a current ratio of 3.33, a quick ratio of 2.45 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.63 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

Element Solutions (NYSE:ESIGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $618.50 million during the quarter, compared to the consensus estimate of $660.69 million. Element Solutions had a net margin of 6.80% and a return on equity of 14.64%. As a group, research analysts expect that Element Solutions Inc will post 1.41 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 30th. Element Solutions’s payout ratio is 44.45%.

Insiders Place Their Bets

In other news, Director Martin E. Franklin acquired 250,000 shares of the stock in a transaction on Monday, November 14th. The shares were purchased at an average price of $19.11 per share, for a total transaction of $4,777,500.00. Following the transaction, the director now directly owns 552,000 shares of the company’s stock, valued at $10,548,720. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Martin E. Franklin acquired 302,000 shares of the stock in a transaction on Friday, November 11th. The shares were purchased at an average price of $18.96 per share, for a total transaction of $5,725,920.00. Following the transaction, the director now directly owns 302,000 shares of the company’s stock, valued at $5,725,920. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin E. Franklin purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average price of $19.11 per share, for a total transaction of $4,777,500.00. Following the transaction, the director now directly owns 552,000 shares of the company’s stock, valued at approximately $10,548,720. The disclosure for this purchase can be found here. Company insiders own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of several recent analyst reports. Barclays cut their price objective on Element Solutions from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, November 1st. Bank of America cut their price objective on Element Solutions from $27.00 to $24.00 in a report on Tuesday, October 11th. Credit Suisse Group initiated coverage on Element Solutions in a report on Thursday, October 6th. They issued an “underperform” rating and a $15.00 price objective for the company. Morgan Stanley cut their price objective on Element Solutions from $19.00 to $17.50 and set an “equal weight” rating for the company in a report on Monday, October 31st. Finally, Mizuho cut their price objective on Element Solutions from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.07.

Element Solutions Company Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc (NYSE:ESIGet Rating).

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

Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.