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

MQS Management LLC bought a new stake in Element Solutions Inc. (NYSE:ESI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,771 shares of the company’s stock, valued at approximately $494,000.

A number of other large investors also recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of Element Solutions by 27.3% in the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after purchasing an additional 431 shares in the last quarter. US Bancorp DE boosted its position in Element Solutions by 3.9% in the third quarter. US Bancorp DE now owns 15,000 shares of the company’s stock worth $378,000 after purchasing an additional 558 shares during the last quarter. Inscription Capital LLC boosted its position in Element Solutions by 2.0% in the fourth quarter. Inscription Capital LLC now owns 30,604 shares of the company’s stock worth $765,000 after purchasing an additional 588 shares during the last quarter. Parallel Advisors LLC boosted its position in Element Solutions by 38.6% in the third quarter. Parallel Advisors LLC now owns 2,110 shares of the company’s stock worth $53,000 after purchasing an additional 588 shares during the last quarter. Finally, Certuity LLC boosted its position in Element Solutions by 6.7% in the fourth quarter. Certuity LLC now owns 9,962 shares of the company’s stock worth $249,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE:ESI opened at $40.74 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The business has a fifty day simple moving average of $37.62 and a two-hundred day simple moving average of $31.75. Element Solutions Inc. has a 1 year low of $20.80 and a 1 year high of $45.51. The company has a market capitalization of $9.93 billion, a P/E ratio of 65.71, a P/E/G ratio of 1.42 and a beta of 1.27.

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

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ESI shares. Bank of America boosted their price objective on Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Freedom Capital raised Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. UBS Group boosted their price objective on Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Mizuho boosted their price objective on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.