MQS Management LLC Takes $494,000 Position in Element Solutions Inc. $ESI

MQS Management LLC purchased a new stake in Element Solutions Inc. (NYSE:ESI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,771 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Element Solutions by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after purchasing an additional 139,751 shares in the last quarter. Invesco Ltd. grew its position in shares of Element Solutions by 68.6% in the third quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock valued at $123,905,000 after purchasing an additional 2,003,724 shares in the last quarter. American Century Companies Inc. grew its position in shares of Element Solutions by 28.0% in the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock valued at $105,609,000 after purchasing an additional 916,804 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Element Solutions by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after purchasing an additional 562,205 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Element Solutions by 17.4% in the third quarter. Alliancebernstein L.P. now owns 3,789,909 shares of the company’s stock valued at $95,392,000 after purchasing an additional 562,331 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Price Performance

Element Solutions stock opened at $40.74 on Friday. Element Solutions Inc. has a 52 week low of $20.80 and a 52 week high of $45.51. The business has a 50-day simple moving average of $37.62 and a 200 day simple moving average of $31.75. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 65.71, a PEG ratio of 1.42 and a beta of 1.27.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. On average, research analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ESI shares. Mizuho lifted their price target on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Bank of America lifted their price target on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group lifted their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Seaport Research Partners restated a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Profile

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.