Campbell & CO Investment Adviser LLC lifted its stake in Element Solutions Inc (NYSE:ESI) by 34.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,148 shares of the company’s stock after acquiring an additional 6,423 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Element Solutions were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESI. Invesco Ltd. grew its position in Element Solutions by 2,185.4% in the 1st quarter. Invesco Ltd. now owns 5,491,119 shares of the company’s stock worth $45,906,000 after purchasing an additional 5,250,846 shares during the period. AXA grew its holdings in shares of Element Solutions by 42.9% in the first quarter. AXA now owns 101,000 shares of the company’s stock worth $844,000 after acquiring an additional 30,300 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Element Solutions by 203.1% in the first quarter. JPMorgan Chase & Co. now owns 265,191 shares of the company’s stock worth $2,216,000 after acquiring an additional 177,688 shares during the period. Sei Investments Co. increased its position in Element Solutions by 27.1% during the second quarter. Sei Investments Co. now owns 152,246 shares of the company’s stock valued at $1,651,000 after acquiring an additional 32,470 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Element Solutions by 60.1% in the second quarter. Nuveen Asset Management LLC now owns 885,840 shares of the company’s stock valued at $9,611,000 after acquiring an additional 332,586 shares during the period.
Several brokerages have recently weighed in on ESI. Loop Capital assumed coverage on shares of Element Solutions in a research note on Monday, October 12th. They issued a “buy” rating and a $19.00 price objective on the stock. Barclays reiterated a “hold” rating and issued a $13.00 price target on shares of Element Solutions in a research report on Friday, August 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.43.
Shares of NYSE:ESI opened at $12.52 on Friday. The company has a market capitalization of $3.12 billion, a P/E ratio of 41.73, a P/E/G ratio of 5.96 and a beta of 1.63. Element Solutions Inc has a 1-year low of $5.35 and a 1-year high of $12.74. The firm’s 50 day simple moving average is $11.23 and its two-hundred day simple moving average is $10.55. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.42 and a quick ratio of 2.56.
Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $387.00 million for the quarter, compared to analysts’ expectations of $377.89 million. Element Solutions had a net margin of 4.39% and a return on equity of 9.07%. Element Solutions’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. On average, sell-side analysts anticipate that Element Solutions Inc will post 0.84 earnings per share for the current fiscal year.
In other Element Solutions news, Director Martin E. Franklin acquired 500,000 shares of the stock in a transaction dated Tuesday, October 6th. The shares were acquired at an average cost of $11.50 per share, for a total transaction of $5,750,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.20% of the stock is owned by company insiders.
Element Solutions Company Profile
Element Solutions Inc produces and sells specialty chemical products the United States, China, and internationally. The company operates in two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.
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