MidFirst Bank Makes New $398,000 Investment in Element Solutions Inc. $ESI

MidFirst Bank purchased a new position in shares of Element Solutions Inc. (NYSE:ESI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,914 shares of the company’s stock, valued at approximately $398,000.

Other large investors have also made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after acquiring an additional 2,146,512 shares during the period. Scopus Asset Management L.P. raised its holdings in Element Solutions by 134.6% during the second 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 last quarter. Jain Global LLC raised its holdings in Element Solutions by 253.3% during the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock worth $53,161,000 after purchasing an additional 1,525,195 shares during the last quarter. Victory Capital Management Inc. boosted its position in Element Solutions by 4,492.3% during the fourth 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 in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Element Solutions by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after purchasing an additional 1,298,273 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ESI shares. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. UBS Group raised their target price on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Stock Performance

NYSE ESI opened at $46.02 on Friday. Element Solutions Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $46.72. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The business has a fifty day moving average of $41.44 and a 200-day moving average of $34.09. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.19% and a net margin of 5.32%.The business’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, analysts predict that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

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