Corient Private Wealth LLC Reduces Stake in Element Solutions Inc. $ESI

Corient Private Wealth LLC cut its position in shares of Element Solutions Inc. (NYSE:ESI) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 465,598 shares of the company’s stock after selling 70,804 shares during the quarter. Corient Private Wealth LLC owned 0.19% of Element Solutions worth $11,638,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ESI. Hsbc Holdings PLC increased its position in shares of Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock valued at $4,767,000 after buying an additional 59,154 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Element Solutions by 3,359.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,165 shares of the company’s stock worth $204,000 after buying an additional 7,929 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Element Solutions in the 4th quarter worth about $398,000. Kera Capital Partners Inc. boosted its position in shares of Element Solutions by 77.1% in the 4th quarter. Kera Capital Partners Inc. now owns 16,331 shares of the company’s stock worth $408,000 after buying an additional 7,110 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after acquiring an additional 1,298,273 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Down 6.3%

ESI opened at $46.01 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.21 billion, a P/E ratio of 74.21, a PEG ratio of 1.71 and a beta of 1.25. Element Solutions Inc. has a 52 week low of $22.08 and a 52 week high of $49.25. The business’s fifty day simple moving average is $41.84 and its 200 day simple moving average is $34.45.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. As a group, equities research 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. Stockholders of record on Monday, June 1st were issued a dividend of $0.08 per share. 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 payout ratio is 51.61%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Truist Financial upped their price target on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Finally, Seaport Research Partners restated a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Three research 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, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.57.

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.