Element Solutions Inc. $ESI Shares Purchased by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in Element Solutions Inc. (NYSE:ESI) by 28.3% during the second quarter, Holdings Channel reports. The fund owned 147,540 shares of the company’s stock after buying an additional 32,556 shares during the quarter. TD Asset Management Inc’s holdings in Element Solutions were worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ESI. American National Bank & Trust acquired a new stake in shares of Element Solutions in the second quarter worth $36,000. SVB Wealth LLC acquired a new stake in shares of Element Solutions in the first quarter worth $37,000. Fifth Third Bancorp increased its stake in shares of Element Solutions by 462.5% in the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock worth $49,000 after acquiring an additional 1,776 shares during the period. Eagle Bay Advisors LLC increased its stake in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock worth $52,000 after acquiring an additional 2,060 shares during the period. Finally, LRI Investments LLC increased its stake in shares of Element Solutions by 71.4% in the second quarter. LRI Investments LLC now owns 2,887 shares of the company’s stock worth $65,000 after acquiring an additional 1,203 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

ESI opened at $26.01 on Tuesday. The company has a quick ratio of 3.30, a current ratio of 4.10 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.69 and a beta of 1.31. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. The firm’s fifty day simple moving average is $25.72 and its two-hundred day simple moving average is $23.22.

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

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 32.00%.

Analyst Ratings Changes

Several research firms recently commented on ESI. KeyCorp raised their price target on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Bank of America raised their price target on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Mizuho raised their price target on shares of Element Solutions from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

Insider Buying and Selling at Element Solutions

In other news, EVP John Edward Capps sold 77,674 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $26.77, for a total value of $2,079,332.98. Following the transaction, the executive vice president directly owned 609,790 shares of the company’s stock, valued at approximately $16,324,078.30. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Matthew Liebowitz sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $1,327,500.00. Following the completion of the transaction, the executive vice president directly owned 57,353 shares in the company, valued at approximately $1,522,722.15. This represents a 46.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,399 shares of company stock valued at $4,492,561 over the last ninety days. Corporate insiders own 6.90% of the company’s stock.

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.