Element Solutions Inc. $ESI Shares Sold by Atom Investors LP

Atom Investors LP decreased its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,251 shares of the company’s stock after selling 42,857 shares during the period. Atom Investors LP owned approximately 0.08% of Element Solutions worth $4,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESI. Invesco Ltd. increased its position in Element Solutions by 68.6% during the 3rd quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock worth $123,905,000 after purchasing an additional 2,003,724 shares during the period. Scopus Asset Management L.P. increased its position in Element Solutions by 134.6% during the 2nd quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after purchasing an additional 1,965,691 shares during the period. Victory Capital Management Inc. increased its position in Element Solutions by 4,492.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock worth $38,611,000 after purchasing an additional 1,511,430 shares during the period. Merewether Investment Management LP acquired a new position in Element Solutions during the 2nd quarter worth approximately $28,031,000. Finally, Boston Partners acquired a new position in Element Solutions during the 4th quarter worth approximately $29,623,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ESI shares. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Truist Financial upped their price target on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Mizuho upped their price target on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, Seaport Research Partners restated a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.57.

Element Solutions Stock Performance

ESI opened at $44.63 on Wednesday. The stock has a market cap of $10.87 billion, a P/E ratio of 71.99, a P/E/G ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The stock’s 50 day simple moving average is $40.80 and its 200 day simple moving average is $33.73. Element Solutions Inc. has a 1-year low of $21.28 and a 1-year high of $45.91.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts anticipate that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Element Solutions’s dividend payout ratio is currently 51.61%.

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.