IFG Advisory LLC Acquires New Holdings in Element Solutions Inc. $ESI

IFG Advisory LLC acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,494 shares of the company’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT grew its holdings in Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after purchasing an additional 71,686 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 139,751 shares during the last quarter. Bessemer Group Inc. grew its holdings in Element Solutions by 18.6% during the third quarter. Bessemer Group Inc. now owns 1,234,941 shares of the company’s stock valued at $31,083,000 after purchasing an additional 193,487 shares during the last quarter. American Century Companies Inc. grew its holdings 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 purchasing an additional 916,804 shares during the last quarter. Finally, Peak Financial Advisors LLC grew its holdings in Element Solutions by 282.4% during the fourth quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock valued at $1,994,000 after purchasing an additional 58,929 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of several analyst reports. Truist Financial increased their price target on Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group increased their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Element Solutions in a report on Monday, February 23rd. KeyCorp increased their price target on Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions presently has an average rating of “Buy” and a consensus target price of $39.57.

Element Solutions Trading Down 0.1%

Shares of Element Solutions stock opened at $42.40 on Monday. The company’s fifty day simple moving average is $38.72 and its 200-day simple moving average is $32.31. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.48 and a beta of 1.25. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. Element Solutions Inc. has a 1 year low of $20.80 and a 1 year high of $45.51.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. Element Solutions’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. As a group, sell-side analysts expect that Element Solutions Inc. will post 1.78 EPS for the current year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

About Element Solutions

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.