Public Employees Retirement System of Ohio Buys Shares of 255,153 Element Solutions Inc. $ESI

Public Employees Retirement System of Ohio purchased a new position in Element Solutions Inc. (NYSE:ESI) during the second quarter, Holdings Channel.com reports. The firm purchased 255,153 shares of the company’s stock, valued at approximately $12,184,000.

A number of other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after buying an additional 468 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Element Solutions in the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC grew its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after acquiring an additional 346 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Element Solutions during the 3rd quarter worth $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Element Solutions during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Ratings Changes

ESI has been the subject of several analyst reports. Seaport Research Partners reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. Truist Financial increased their target price on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Mizuho reaffirmed a “neutral” rating and issued a $45.00 price target (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Finally, Wolfe Research set a $47.00 price target on Element Solutions in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $44.00.

Element Solutions Stock Performance

NYSE:ESI opened at $34.93 on Monday. The company’s 50 day moving average is $39.43 and its 200-day moving average is $38.37. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. Element Solutions Inc. has a 12 month low of $22.86 and a 12 month high of $49.25. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 1.20 and a beta of 1.26.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. During the same period in the prior year, the firm earned $0.20 EPS. Element Solutions’s quarterly revenue was up 56.4% compared to the same quarter last year. Equities analysts anticipate that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Element Solutions’s payout ratio is currently 43.24%.

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.