Jupiter Topco LLC Purchases New Shares in Element Solutions Inc. $ESI

Jupiter Topco LLC purchased a new position in Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100,485 shares of the company’s stock, valued at approximately $4,798,000.

A number of other large investors also recently added to or reduced their stakes in ESI. Assetmark Inc. lifted its holdings in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after purchasing an additional 346 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions during the 4th quarter worth about $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Element Solutions during the 2nd quarter worth about $63,000. Finally, Allworth Financial LP purchased a new position in Element Solutions in the 2nd quarter valued at about $66,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Price Performance

ESI stock opened at $35.59 on Tuesday. Element Solutions Inc. has a 1 year low of $22.86 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The firm has a market capitalization of $8.67 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. The business has a 50 day simple moving average of $39.16 and a 200-day simple moving average of $38.39.

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

Element Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

ESI has been the topic of several research analyst reports. William Blair set a $48.00 price objective on Element Solutions in a report on Friday. Weiss Ratings raised Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Seaport Research Partners reiterated a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Wolfe Research set a $47.00 price objective on Element Solutions in a report on Wednesday, July 29th. Finally, Mizuho reaffirmed a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $44.00.

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.