Schroder Investment Management Group Acquires 1,138,927 Shares of Element Solutions Inc. $ESI

Schroder Investment Management Group raised its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 167.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,820,902 shares of the company’s stock after buying an additional 1,138,927 shares during the quarter. Schroder Investment Management Group owned about 0.75% of Element Solutions worth $45,486,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Walnut Level Capital LLC acquired a new position in shares of Element Solutions during the second quarter valued at about $1,812,000. Vest Financial LLC grew its position in Element Solutions by 126.1% during the third quarter. Vest Financial LLC now owns 115,531 shares of the company’s stock worth $2,908,000 after buying an additional 64,433 shares in the last quarter. World Investment Advisors acquired a new stake in Element Solutions during the third quarter worth about $1,185,000. Dimensional Fund Advisors LP increased its stake in Element Solutions by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after acquiring an additional 139,751 shares during the period. Finally, American Century Companies Inc. increased its stake in Element Solutions by 28.0% during the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock valued at $105,609,000 after acquiring an additional 916,804 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Down 0.0%

Shares of ESI opened at $32.57 on Thursday. The company has a quick ratio of 3.00, a current ratio of 3.68 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $30.86 and a two-hundred day moving average price of $27.66. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 41.23, a P/E/G ratio of 1.49 and a beta of 1.24. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $37.74.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 2nd. Element Solutions’s dividend payout ratio is 40.51%.

Analysts Set New Price Targets

A number of analysts have commented on ESI shares. Bank of America raised their price objective on Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. UBS Group boosted their price objective on Element Solutions from $34.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Finally, KeyCorp lifted their price target on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $35.75.

Insiders Place Their Bets

In other news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the sale, the insider owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the sale, the director owned 147,832 shares of the company’s stock, valued at $5,250,992.64. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.90% of the company’s stock.

Element Solutions Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.