Element Solutions Inc. $ESI Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Element Solutions Inc. (NYSE:ESI) by 45.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,883 shares of the company’s stock after buying an additional 59,154 shares during the period. Hsbc Holdings PLC owned 0.08% of Element Solutions worth $4,767,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESI. T. Rowe Price Investment Management Inc. raised its position in shares of Element Solutions by 13.2% in 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 acquiring an additional 1,298,273 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Element Solutions by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after acquiring an additional 228,416 shares during the period. State Street Corp grew its position in shares of Element Solutions by 1.2% during the 4th quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after acquiring an additional 83,033 shares during the period. Invesco Ltd. increased its stake 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 valued at $176,660,000 after purchasing an additional 2,146,512 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of Element Solutions by 13.9% in the 4th quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock valued at $127,183,000 after purchasing an additional 621,448 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $45.74 on Friday. Element Solutions Inc. has a 52-week low of $22.44 and a 52-week high of $49.25. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 73.78, a PEG ratio of 1.59 and a beta of 1.25. The company has a fifty day simple moving average of $42.36 and a 200-day simple moving average of $34.82. 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 earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. On average, equities analysts anticipate that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent analyst reports. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Seaport Research Partners restated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. UBS Group increased their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Truist Financial boosted their price target on shares of Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions currently has an average rating of “Buy” and a consensus price target of $39.57.

Element Solutions Company 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.