LPL Financial LLC Has $2.93 Million Stake in Element Solutions Inc. (NYSE:ESI)

LPL Financial LLC grew its position in Element Solutions Inc. (NYSE:ESI) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,474 shares of the company’s stock after purchasing an additional 10,369 shares during the quarter. LPL Financial LLC owned about 0.05% of Element Solutions worth $2,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ESI. London Co. of Virginia acquired a new position in shares of Element Solutions in the fourth quarter valued at approximately $29,800,000. Principal Financial Group Inc. grew its position in Element Solutions by 1,431.1% during the first quarter. Principal Financial Group Inc. now owns 1,143,869 shares of the company’s stock worth $25,863,000 after buying an additional 1,069,160 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Element Solutions by 31.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,753,606 shares of the company’s stock worth $62,259,000 after buying an additional 651,251 shares in the last quarter. Bank of New York Mellon Corp grew its position in Element Solutions by 48.5% during the first quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company’s stock worth $38,805,000 after buying an additional 560,346 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Element Solutions by 430.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 471,307 shares of the company’s stock worth $11,985,000 after buying an additional 382,469 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on Element Solutions from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Mizuho increased their price target on Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Barclays reduced their price target on Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. BMO Capital Markets reduced their price target on Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, KeyCorp increased their price target on Element Solutions from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.38.

Element Solutions Trading Down 1.2%

Shares of ESI stock opened at $24.92 on Friday. The stock’s fifty day moving average price is $23.44 and its two-hundred day moving average price is $23.04. The company has a market cap of $6.02 billion, a PE ratio of 24.92, a P/E/G ratio of 1.63 and a beta of 1.26. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10.

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

Element Solutions Dividend Announcement

The company also recently declared 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 dividend payout ratio is presently 32.00%.

Element Solutions Company 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.