Trexquant Investment LP Buys 257,031 Shares of Element Solutions Inc. $ESI

Trexquant Investment LP raised its stake in shares of Element Solutions Inc. (NYSE:ESI) by 366.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 327,204 shares of the company’s stock after acquiring an additional 257,031 shares during the period. Trexquant Investment LP owned approximately 0.13% of Element Solutions worth $7,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ESI. Amalgamated Bank increased its holdings in Element Solutions by 479.7% in the 1st quarter. Amalgamated Bank now owns 67,594 shares of the company’s stock worth $1,528,000 after acquiring an additional 55,933 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Element Solutions by 48.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company’s stock valued at $38,805,000 after acquiring an additional 560,346 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $623,000. QRG Capital Management Inc. lifted its position in Element Solutions by 13.3% in the first quarter. QRG Capital Management Inc. now owns 28,196 shares of the company’s stock worth $638,000 after buying an additional 3,302 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Element Solutions by 110.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,102 shares of the company’s stock worth $1,336,000 after buying an additional 30,953 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 0.8%

Shares of ESI stock opened at $25.71 on Friday. The stock has a 50 day moving average of $24.22 and a 200 day moving average of $23.04. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. The stock has a market cap of $6.21 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.68 and a beta of 1.26. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $625.20 million during the quarter, compared to analysts’ expectations of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, sell-side analysts expect that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. Element Solutions’s payout ratio is 32.00%.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of analyst reports. Mizuho raised their price target on Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp raised their price target on Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. UBS Group raised their price objective on Element Solutions from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $27.38.

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.