Allspring Global Investments Holdings LLC Purchases 92,424 Shares of Element Solutions Inc. $ESI

Allspring Global Investments Holdings LLC increased its position in Element Solutions Inc. (NYSE:ESI) by 32.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 379,382 shares of the company’s stock after purchasing an additional 92,424 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Element Solutions were worth $13,134,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Iridian Asset Management LLC CT lifted its position in Element Solutions by 37.2% during the 4th quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after acquiring an additional 71,686 shares during the period. Thrivent Financial for Lutherans grew its holdings in Element Solutions by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock worth $63,077,000 after purchasing an additional 174,228 shares during the period. Peak Financial Advisors LLC increased its stake in shares of 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 in the last quarter. Hsbc Holdings PLC increased its stake in shares of Element Solutions by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock valued at $4,767,000 after purchasing an additional 59,154 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Element Solutions by 221.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 350,196 shares of the company’s stock valued at $8,751,000 after purchasing an additional 241,266 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

NYSE ESI opened at $38.18 on Wednesday. Element Solutions Inc. has a one year low of $22.63 and a one year high of $49.25. The stock has a 50-day moving average of $42.35 and a 200 day moving average of $36.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 1.27 and a beta of 1.23.

Element Solutions (NYSE:ESI) last posted its earnings results 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 analysts’ expectations of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. On average, sell-side analysts forecast that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s payout ratio is presently 51.61%.

Wall Street Analyst Weigh In

ESI has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. UBS Group boosted their target price on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Freedom Capital raised Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Element Solutions presently has a consensus rating of “Buy” and an average price target of $43.00.

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.