Element Solutions Inc (NYSE:ESI) Shares Acquired by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. increased its holdings in shares of Element Solutions Inc (NYSE:ESI) by 23.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,890 shares of the company’s stock after acquiring an additional 1,852 shares during the period. YHB Investment Advisors Inc.’s holdings in Element Solutions were worth $252,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter worth $25,000. Quarry LP purchased a new stake in shares of Element Solutions during the second quarter worth about $31,000. Trust Co. of Vermont acquired a new position in shares of Element Solutions during the 4th quarter worth about $43,000. UMB Bank n.a. lifted its stake in Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after buying an additional 949 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in Element Solutions in the 3rd quarter worth about $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $25.42 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $26.44. Element Solutions Inc has a 12-month low of $21.42 and a 12-month high of $29.78. The stock has a market cap of $6.15 billion, a P/E ratio of 22.90, a PEG ratio of 2.12 and a beta of 1.30.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.08 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio is currently 28.83%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ESI. Barclays reduced their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, BMO Capital Markets raised their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Four investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

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.