SG Americas Securities LLC bought a new stake in shares of Element Solutions Inc. (NYSE:ESI) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,570 shares of the company’s stock, valued at approximately $623,000. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in Element Solutions by 1.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company’s stock valued at $610,000 after purchasing an additional 423 shares during the period. Avantax Advisory Services Inc. boosted its stake in Element Solutions by 4.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock valued at $287,000 after purchasing an additional 430 shares during the period. Arizona State Retirement System raised its position in shares of Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock worth $1,698,000 after buying an additional 545 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Element Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company’s stock worth $2,502,000 after buying an additional 610 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Element Solutions by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company’s stock worth $169,000 after buying an additional 684 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds. Element Solutions (<NYSE:ESI> – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, June 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 26.89%. ESI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. KeyCorp dropped their price target on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Bank of America upgraded shares of Element Solutions from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. UBS Group dropped their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, BMO Capital Markets dropped their price target on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.75. 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.

SG Americas Securities LLC Buys Shares of 27,570 Element Solutions Inc. (NYSE:ESI)

SG Americas Securities LLC increased its stake in Element Solutions Inc. (NYSE:ESI) by purchasing 27,570 shares valued at $623,000 in Q1. Other institutional investors also adjusted their holdings, while the company reported strong Q1 earnings, a dividend payout, and mixed analyst ratings. Element Solutions operates in specialty chemicals across the U.S., China, and globally.