Element Solutions Inc. $ESI Stock Position Lifted by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC lifted its position in Element Solutions Inc. (NYSE:ESI) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,837,611 shares of the company’s stock after acquiring an additional 115,147 shares during the quarter. Element Solutions accounts for approximately 2.9% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 16th largest position. Locust Wood Capital Advisers LLC owned 2.00% of Element Solutions worth $120,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ESI. Los Angeles Capital Management LLC bought a new stake in shares of Element Solutions during the 4th quarter valued at about $28,000. Community Bank N.A. bought a new position in shares of Element Solutions during the third quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Element Solutions during the 3rd quarter worth approximately $41,000. Johnson Financial Group Inc. bought a new stake in shares of Element Solutions in the 3rd quarter worth approximately $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Element Solutions during the 3rd quarter valued at approximately $49,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $39.78 on Monday. Element Solutions Inc. has a 52 week low of $20.95 and a 52 week high of $45.51. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $39.59 and its two-hundred day moving average price is $32.85. The stock has a market cap of $9.69 billion, a PE ratio of 64.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm 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 firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

Analysts Set New Price Targets

ESI has been the topic of a number of recent research reports. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Seaport Research Partners reissued a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research note on Tuesday, May 5th. Truist Financial raised their price target on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, KeyCorp boosted their price objective on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $39.57.

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.