Element Solutions Inc (NYSE:ESI) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of Element Solutions Inc (NYSE:ESIFree Report) by 282.3% during the third quarter, HoldingsChannel.com reports. The firm owned 256,839 shares of the company’s stock after purchasing an additional 189,660 shares during the period. Barclays PLC’s holdings in Element Solutions were worth $5,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ESI. EverSource Wealth Advisors LLC grew its stake in shares of Element Solutions by 85.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares during the period. Parallel Advisors LLC grew its stake in shares of Element Solutions by 47.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 554 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Element Solutions by 8,131.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,811 shares of the company’s stock worth $35,000 after purchasing an additional 1,789 shares during the period. Covestor Ltd grew its stake in shares of 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 purchasing an additional 692 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of Element Solutions during the 1st quarter worth $101,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of research reports. UBS Group increased their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. TheStreet cut shares of Element Solutions from a “b” rating to a “c” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.60.

View Our Latest Analysis on Element Solutions

Element Solutions Price Performance

NYSE:ESI opened at $22.99 on Friday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 104.48, a price-to-earnings-growth ratio of 3.68 and a beta of 1.31. The company has a current ratio of 3.45, a quick ratio of 2.59 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average is $22.37 and its two-hundred day moving average is $20.63. Element Solutions Inc has a 12-month low of $17.08 and a 12-month high of $23.75.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.39%. Element Solutions’s dividend payout ratio (DPR) is 145.45%.

Element Solutions Company Profile

(Free Report)

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.

See Also

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

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