Chicago Partners Investment Group LLC Takes Position in Element Solutions Inc. $ESI

Chicago Partners Investment Group LLC purchased a new stake in Element Solutions Inc. (NYSE:ESI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,548 shares of the company’s stock, valued at approximately $231,000.

Several other large investors have also modified their holdings of the business. New York State Teachers Retirement System grew its position in shares of Element Solutions by 19.5% in the second quarter. New York State Teachers Retirement System now owns 84,024 shares of the company’s stock valued at $1,903,000 after purchasing an additional 13,696 shares during the last quarter. Equitable Trust Co. grew its position in shares of Element Solutions by 60.1% in the second quarter. Equitable Trust Co. now owns 54,895 shares of the company’s stock valued at $1,243,000 after purchasing an additional 20,610 shares during the last quarter. TD Asset Management Inc boosted its position in Element Solutions by 28.3% during the second quarter. TD Asset Management Inc now owns 147,540 shares of the company’s stock worth $3,342,000 after acquiring an additional 32,556 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Element Solutions during the second quarter worth approximately $246,000. Finally, Sequoia Financial Advisors LLC boosted its position in Element Solutions by 23.8% during the second quarter. Sequoia Financial Advisors LLC now owns 129,155 shares of the company’s stock worth $2,925,000 after acquiring an additional 24,871 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John Edward Capps sold 77,674 shares of Element Solutions stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $26.77, for a total transaction of $2,079,332.98. Following the sale, the executive vice president owned 609,790 shares of the company’s stock, valued at $16,324,078.30. The trade was a 11.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Carey J. Dorman sold 40,725 shares of Element Solutions stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $26.66, for a total transaction of $1,085,728.50. Following the sale, the executive vice president directly owned 214,837 shares in the company, valued at $5,727,554.42. This trade represents a 15.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,399 shares of company stock valued at $4,492,561 in the last quarter. Company insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

ESI has been the topic of a number of analyst reports. UBS Group raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Bank of America raised their target price on shares of Element Solutions from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. KeyCorp raised their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Mizuho raised their target price on shares of Element Solutions from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.75.

Element Solutions Stock Performance

Shares of ESI stock opened at $26.16 on Friday. The company’s fifty day simple moving average is $25.79 and its 200-day simple moving average is $23.41. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.32 billion, a PE ratio of 26.16, a P/E/G ratio of 1.73 and a beta of 1.31.

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

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 32.00%.

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.