Dana Investment Advisors Inc. Has $3.94 Million Holdings in Element Solutions Inc. $ESI

Dana Investment Advisors Inc. increased its stake in shares of Element Solutions Inc. (NYSE:ESIFree Report) by 209.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,550 shares of the company’s stock after acquiring an additional 106,031 shares during the period. Dana Investment Advisors Inc. owned about 0.06% of Element Solutions worth $3,940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Locust Wood Capital Advisers LLC increased its holdings in Element Solutions by 9.6% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 4,722,464 shares of the company’s stock worth $118,864,000 after purchasing an additional 413,834 shares in the last quarter. Ilex Capital Partners UK LLP boosted its position in shares of Element Solutions by 61.7% during the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after buying an additional 1,777,265 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Element Solutions by 3.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,426,445 shares of the company’s stock worth $111,414,000 after buying an additional 129,590 shares in the last quarter. JPMorgan Chase & Co. raised its position in Element Solutions by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after buying an additional 562,205 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Element Solutions by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,738,851 shares of the company’s stock valued at $84,699,000 after acquiring an additional 14,471 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Price Performance

Shares of ESI opened at $36.76 on Wednesday. The company’s 50-day moving average is $29.06 and its 200-day moving average is $27.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. The firm has a market capitalization of $8.95 billion, a PE ratio of 46.53, a PEG ratio of 1.68 and a beta of 1.28. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $37.74.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. Element Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Equities analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is 40.51%.

Key Element Solutions News

Here are the key news stories impacting Element Solutions this week:

Insiders Place Their Bets

In related news, insider Matthew Liebowitz sold 37,000 shares of Element Solutions stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This trade represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ESI shares. Mizuho raised their price target on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a research report on Monday. Bank of America boosted their price target on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $35.75.

Check Out Our Latest Analysis on ESI

About Element Solutions

(Free Report)

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.

See Also

Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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