Sequoia Financial Advisors LLC Invests $1.16 Million in Element Solutions Inc (NYSE:ESI)

Sequoia Financial Advisors LLC purchased a new stake in shares of Element Solutions Inc (NYSE:ESI) during the third quarter, HoldingsChannel.com reports. The firm purchased 42,744 shares of the company’s stock, valued at approximately $1,161,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Element Solutions by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock valued at $143,458,000 after purchasing an additional 676,432 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Element Solutions by 6.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock valued at $138,490,000 after acquiring an additional 315,645 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Element Solutions by 149.2% during the 2nd quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after acquiring an additional 2,355,554 shares during the period. Clearbridge Investments LLC raised its position in shares of Element Solutions by 16.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after acquiring an additional 298,668 shares in the last quarter. Finally, Capital World Investors purchased a new position in shares of Element Solutions in the 1st quarter valued at approximately $44,527,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI opened at $26.98 on Friday. Element Solutions Inc has a 1 year low of $17.76 and a 1 year high of $28.68. The stock has a 50-day moving average price of $25.91 and a 200-day moving average price of $25.53. The firm has a market cap of $6.53 billion, a PE ratio of 49.95, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Sell-side analysts predict that Element Solutions Inc will post 1.43 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s payout ratio is 59.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday. Finally, StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $29.40.

About Element Solutions

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.