Captrust Financial Advisors Acquires 11,004 Shares of Element Solutions Inc (NYSE:ESI)

Captrust Financial Advisors grew its holdings in shares of Element Solutions Inc (NYSE:ESI) by 81.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,540 shares of the company’s stock after purchasing an additional 11,004 shares during the period. Captrust Financial Advisors’ holdings in Element Solutions were worth $667,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Element Solutions by 2.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 52,020 shares of the company’s stock worth $1,413,000 after acquiring an additional 1,137 shares during the period. Algert Global LLC raised its stake in Element Solutions by 441.2% in the third quarter. Algert Global LLC now owns 125,333 shares of the company’s stock valued at $3,404,000 after purchasing an additional 102,175 shares in the last quarter. Cerity Partners LLC lifted its position in Element Solutions by 40.4% during the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after purchasing an additional 49,466 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Element Solutions by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock worth $62,458,000 after buying an additional 38,859 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Element Solutions in the 3rd quarter valued at approximately $495,000. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

Element Solutions stock opened at $27.37 on Wednesday. The business has a 50 day moving average of $27.31 and a 200-day moving average of $26.48. The company has a market capitalization of $6.63 billion, a P/E ratio of 24.66, a P/E/G ratio of 1.54 and a beta of 1.28. Element Solutions Inc has a 1 year low of $20.74 and a 1 year high of $29.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities research analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. Element Solutions’s payout ratio is 28.83%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays boosted 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, BMO Capital Markets raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.