Geode Capital Management LLC Has $122.54 Million Position in Element Solutions Inc. $ESI

Geode Capital Management LLC increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,902,401 shares of the company’s stock after purchasing an additional 75,365 shares during the quarter. Geode Capital Management LLC owned approximately 2.03% of Element Solutions worth $122,536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP lifted its stake in Element Solutions by 27.3% in the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after acquiring an additional 431 shares during the last quarter. US Bancorp DE raised its position in shares of Element Solutions by 3.9% in the third quarter. US Bancorp DE now owns 15,000 shares of the company’s stock valued at $378,000 after purchasing an additional 558 shares during the period. Parallel Advisors LLC raised its position in shares of Element Solutions by 38.6% in the third quarter. Parallel Advisors LLC now owns 2,110 shares of the company’s stock valued at $53,000 after purchasing an additional 588 shares during the period. Inscription Capital LLC raised its position in shares of Element Solutions by 2.0% in the fourth quarter. Inscription Capital LLC now owns 30,604 shares of the company’s stock valued at $765,000 after purchasing an additional 588 shares during the period. Finally, Certuity LLC raised its position in shares of Element Solutions by 6.7% in the fourth quarter. Certuity LLC now owns 9,962 shares of the company’s stock valued at $249,000 after purchasing an additional 623 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. UBS Group boosted their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 target price on shares of Element Solutions in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Buy” and a consensus price target of $39.57.

Element Solutions Stock Down 5.3%

Shares of NYSE:ESI opened at $39.78 on Friday. Element Solutions Inc. has a 52 week low of $20.95 and a 52 week high of $45.51. 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’s fifty day moving average is $39.59 and its 200-day moving average is $32.79. The company has a market capitalization of $9.69 billion, a PE ratio of 64.16, a P/E/G ratio of 1.47 and a beta of 1.25.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. During the same quarter in the previous year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. Equities research 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 will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st. Element Solutions’s payout ratio is currently 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.