New York State Common Retirement Fund Has $5.52 Million Holdings in Element Solutions Inc (NYSE:ESI)

New York State Common Retirement Fund lessened its stake in shares of Element Solutions Inc (NYSE:ESIFree Report) by 9.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 281,584 shares of the company’s stock after selling 28,760 shares during the period. New York State Common Retirement Fund’s holdings in Element Solutions were worth $5,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ESI. JPMorgan Chase & Co. raised its holdings in Element Solutions by 8.9% during the first quarter. JPMorgan Chase & Co. now owns 288,984 shares of the company’s stock worth $6,329,000 after acquiring an additional 23,529 shares in the last quarter. US Bancorp DE raised its stake in Element Solutions by 19.1% in the first quarter. US Bancorp DE now owns 6,710 shares of the company’s stock valued at $147,000 after buying an additional 1,078 shares during the period. HighTower Advisors LLC raised its stake in Element Solutions by 27.9% in the first quarter. HighTower Advisors LLC now owns 16,912 shares of the company’s stock valued at $370,000 after buying an additional 3,689 shares during the period. MetLife Investment Management LLC bought a new stake in Element Solutions in the first quarter valued at approximately $101,000. Finally, Allianz Asset Management GmbH raised its stake in Element Solutions by 14.6% in the first quarter. Allianz Asset Management GmbH now owns 93,764 shares of the company’s stock valued at $2,053,000 after buying an additional 11,955 shares during the period. Institutional investors own 91.05% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $22.98 on Monday. Element Solutions Inc has a 12 month low of $17.08 and a 12 month high of $23.75. The stock’s 50 day moving average is $22.37 and its 200-day moving average is $20.64. The company has a current ratio of 3.45, a quick ratio of 2.59 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 104.45, a PEG ratio of 3.75 and a beta of 1.31.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, November 30th. Element Solutions’s payout ratio is 145.45%.

Analyst Upgrades and Downgrades

ESI has been the topic of several research analyst reports. TheStreet lowered Element Solutions from a “b” rating to a “c” rating in a research note on Wednesday, October 25th. UBS Group upped their price objective on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.60.

Check Out Our Latest Report on ESI

About Element Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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