Clark Capital Management Group Inc. Buys Shares of 1,363,728 Element Solutions Inc (NYSE:ESI)

Clark Capital Management Group Inc. bought a new stake in Element Solutions Inc (NYSE:ESIGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,363,728 shares of the company’s stock, valued at approximately $29,866,000. Clark Capital Management Group Inc. owned about 0.55% of Element Solutions at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Element Solutions by 0.6% in the fourth quarter. Invesco Ltd. now owns 7,214,009 shares of the company’s stock valued at $175,156,000 after buying an additional 45,393 shares during the last quarter. FDx Advisors Inc. increased its stake in Element Solutions by 21.9% during the first quarter. FDx Advisors Inc. now owns 27,256 shares of the company’s stock worth $597,000 after purchasing an additional 4,901 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,654 shares of the company’s stock worth $37,456,000 after purchasing an additional 20,542 shares during the period. GW&K Investment Management LLC increased its stake in Element Solutions by 5.5% during the fourth quarter. GW&K Investment Management LLC now owns 3,431,971 shares of the company’s stock worth $83,329,000 after purchasing an additional 180,210 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake 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 worth $159,365,000 after purchasing an additional 179,340 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Barclays upgraded shares of Element Solutions from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $24.00 to $22.00 in a research note on Monday, July 11th. Finally, Mizuho cut their target price on shares of Element Solutions from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

Element Solutions Stock Up 1.3 %

ESI stock opened at $19.33 on Friday. The company’s 50 day moving average price is $18.96 and its 200 day moving average price is $20.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.13. Element Solutions Inc has a fifty-two week low of $16.25 and a fifty-two week high of $26.92. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 0.92 and a beta of 1.37.

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

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.32 annualized dividend and a yield of 1.66%. Element Solutions’s dividend payout ratio is currently 49.23%.

About Element Solutions

(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.

Featured 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.