Teachers Retirement System of The State of Kentucky Makes New Investment in Element Solutions Inc (NYSE:ESI)

Teachers Retirement System of The State of Kentucky bought a new position in shares of Element Solutions Inc (NYSE:ESI – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 326,094 shares of the company’s stock, valued at approximately $5,306,000. Teachers Retirement System of The State of Kentucky owned approximately 0.13% of Element Solutions at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in Element Solutions by 0.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 83,783 shares of the company’s stock worth $1,364,000 after purchasing an additional 569 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Element Solutions by 2.6% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 23,236 shares of the company’s stock worth $378,000 after buying an additional 580 shares during the last quarter. Covestor Ltd boosted 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 buying an additional 692 shares during the last quarter. Truist Financial Corp lifted its stake in Element Solutions by 0.4% in the 3rd quarter. Truist Financial Corp now owns 227,157 shares of the company’s stock valued at $3,695,000 after purchasing an additional 849 shares during the last quarter. Finally, Ellevest Inc. lifted its stake in Element Solutions by 90.6% in the 3rd quarter. Ellevest Inc. now owns 1,868 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. Institutional investors own 90.37% of the company’s stock.

Element Solutions Stock Down 2.9 %

ESI opened at $18.38 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.45 and a debt-to-equity ratio of 0.80. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.84 and a beta of 1.35. Element Solutions Inc has a twelve month low of $15.31 and a twelve month high of $23.16. The company’s 50-day moving average price is $20.07 and its two-hundred day moving average price is $18.74.

Element Solutions (NYSE:ESI – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $573.80 million for the quarter, compared to analysts’ expectations of $589.81 million. Element Solutions had a net margin of 7.34% and a return on equity of 14.53%. Element Solutions’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. As a group, equities analysts expect that Element Solutions Inc will post 1.41 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, February 28th. Element Solutions’s dividend payout ratio is presently 42.11%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com began coverage on shares of Element Solutions in a report on Thursday. They set a “hold” rating on the stock. The Goldman Sachs Group lifted their price target on shares of Element Solutions from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, December 15th. Barclays boosted their target price on shares of Element Solutions from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. Finally, Credit Suisse Group boosted their target price on shares of Element Solutions from $15.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.08.

Element Solutions Company Profile

(Get Rating)

Element Solutions, Inc is a specialty chemicals company. It operates under the Electronics, and Industrial and Specialty segments. The Electronics segment focuses on researching, formulating, and selling specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging.