Cerity Partners LLC Buys 49,466 Shares of Element Solutions Inc (NYSE:ESI)

Cerity Partners LLC increased its stake in Element Solutions Inc (NYSE:ESI) by 40.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,000 shares of the company’s stock after purchasing an additional 49,466 shares during the quarter. Cerity Partners LLC’s holdings in Element Solutions were worth $4,672,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ESI. Quarry LP bought a new stake in shares of Element Solutions in the second quarter valued at $31,000. LRI Investments LLC purchased a new stake in Element Solutions in the 1st quarter worth about $78,000. EverSource Wealth Advisors LLC raised its stake in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC lifted its holdings in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE ESI opened at $28.47 on Friday. The stock’s 50-day simple moving average is $27.07 and its two-hundred day simple moving average is $26.22. Element Solutions Inc has a twelve month low of $20.31 and a twelve month high of $29.78. The firm has a market capitalization of $6.89 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the prior year, the business earned $0.36 earnings per share. Element Solutions’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

Analyst Ratings Changes

ESI has been the topic of a number of recent research reports. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets lifted their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays raised their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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.