Public Employees Retirement Association of Colorado Has $21.09 Million Stock Position in Element Solutions Inc (NYSE:ESI)

Public Employees Retirement Association of Colorado lowered its stake in Element Solutions Inc (NYSE:ESI) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,078 shares of the company’s stock after selling 4,489 shares during the period. Public Employees Retirement Association of Colorado owned 0.35% of Element Solutions worth $21,085,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ESI. Richardson Financial Services Inc. acquired a new position in shares of Element Solutions during the fourth quarter worth $27,000. SRS Capital Advisors Inc. lifted its holdings in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares during the period. CWM LLC lifted its holdings in Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after buying an additional 886 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock valued at $46,000 after buying an additional 684 shares during the period. Finally, Assetmark Inc. lifted its holdings in Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after buying an additional 1,902 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Mizuho boosted their target price on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. UBS Group upped their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 target price (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Finally, StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Element Solutions stock traded down $0.06 during midday trading on Monday, reaching $26.87. 808,015 shares of the stock were exchanged, compared to its average volume of 1,389,831. The company’s fifty day moving average is $26.06 and its 200-day moving average is $24.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63. The firm has a market cap of $6.50 billion, a PE ratio of 49.87, a PEG ratio of 1.31 and a beta of 1.30. Element Solutions Inc has a 52 week low of $17.57 and a 52 week high of $28.68.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. Element Solutions’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts forecast that Element Solutions Inc will post 1.43 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, May 31st. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Element Solutions 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.