Vanguard Group Inc. Has $563.73 Million Stock Position in Element Solutions Inc. (NYSE:ESI)

Vanguard Group Inc. grew its position in Element Solutions Inc. (NYSE:ESI) by 12.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,932,851 shares of the company’s stock after buying an additional 2,688,056 shares during the quarter. Vanguard Group Inc. owned approximately 10.28% of Element Solutions worth $563,732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ESI. Park Square Financial Group LLC acquired a new position in shares of Element Solutions in the fourth quarter worth about $28,000. Eagle Bay Advisors LLC lifted its position in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock worth $52,000 after purchasing an additional 2,060 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company’s stock worth $88,000 after purchasing an additional 1,739 shares in the last quarter. Quarry LP lifted its position in shares of Element Solutions by 29.2% in the fourth quarter. Quarry LP now owns 7,792 shares of the company’s stock worth $198,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Caption Management LLC purchased a new stake in shares of Element Solutions in the fourth quarter worth approximately $216,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Price Performance

NYSE ESI opened at $25.50 on Thursday. The company has a quick ratio of 3.30, a current ratio of 4.10 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $6.16 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.62 and a beta of 1.26. The company has a 50 day moving average price of $23.30 and a two-hundred day moving average price of $23.06. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78.

Element Solutions (NYSE:ESI) last posted its earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $625.20 million during the quarter, compared to analysts’ expectations of $587.45 million. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, equities analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 2nd. Element Solutions’s payout ratio is presently 32.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ESI. Mizuho increased their price target on shares of Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. UBS Group increased their price target on shares of Element Solutions from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. BMO Capital Markets reduced their price target on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. Finally, Barclays reduced their price target on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.38.

Element Solutions Profile

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.