XTX Topco Ltd Acquires Shares of 13,779 Element Solutions Inc (NYSE:ESI)

XTX Topco Ltd bought a new position in shares of Element Solutions Inc (NYSE:ESI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,779 shares of the company’s stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Element Solutions in the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 864 shares during the last quarter. Quest Partners LLC boosted its stake in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the period. Finally, Signaturefd LLC grew its position in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays upped their price target 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 shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.40.

Element Solutions Stock Down 1.6 %

Element Solutions stock opened at $26.84 on Tuesday. The stock’s 50 day moving average price is $27.38 and its 200 day moving average price is $26.55. The company has a market cap of $6.50 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. 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 Inc has a 1-year low of $21.42 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, October 28th. The company reported $0.39 EPS 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 analyst estimates of $626.52 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts predict that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued 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 1.19%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Element Solutions Company Profile

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.