Element Solutions Inc. $ESI Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in shares of Element Solutions Inc. (NYSE:ESI) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,079,227 shares of the company’s stock after acquiring an additional 110,400 shares during the period. Public Employees Retirement Association of Colorado owned about 0.45% of Element Solutions worth $26,970,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions in the 4th quarter valued at $28,000. Community Bank N.A. acquired a new position in shares of Element Solutions in the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Element Solutions in the 3rd quarter valued at $41,000. Johnson Financial Group Inc. acquired a new position in shares of Element Solutions in the 3rd quarter valued at $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Element Solutions in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Mizuho upped their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a report on Monday, February 23rd. Seaport Research Partners restated a “buy” rating and issued a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Finally, Truist Financial upped their target price on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Stock Up 0.3%

ESI stock opened at $43.84 on Monday. The company has a fifty day moving average price of $40.37 and a 200 day moving average price of $33.46. Element Solutions Inc. has a 12 month low of $20.95 and a 12 month high of $45.51. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 70.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91.

Element Solutions (NYSE:ESI) last released its quarterly 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 firm had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. During the same quarter in the prior year, the firm earned $0.34 EPS. Element Solutions’s revenue for the quarter was up 41.5% on a year-over-year basis. Sell-side analysts expect that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.7%. Element Solutions’s dividend payout ratio is 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.