Ceredex Value Advisors LLC Makes New Investment in Element Solutions Inc. $ESI

Ceredex Value Advisors LLC bought a new stake in Element Solutions Inc. (NYSE:ESI) during the second quarter, Holdings Channel.com reports. The firm bought 239,350 shares of the company’s stock, valued at approximately $11,429,000.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in Element Solutions by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock valued at $63,077,000 after buying an additional 174,228 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Element Solutions by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock valued at $4,767,000 after acquiring an additional 59,154 shares during the last quarter. Capital World Investors raised its stake in shares of Element Solutions by 3.8% in the 4th quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock valued at $85,097,000 after acquiring an additional 123,244 shares during the period. Jennison Associates LLC lifted its holdings in shares of Element Solutions by 36.7% in the 1st quarter. Jennison Associates LLC now owns 2,977,958 shares of the company’s stock worth $101,667,000 after acquiring an additional 798,923 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Element Solutions by 2,818.0% during the 1st quarter. Fifth Third Bancorp now owns 68,543 shares of the company’s stock worth $2,340,000 after purchasing an additional 66,194 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ESI. UBS Group boosted their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research note on Friday, August 14th. Truist Financial lifted their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Finally, Mizuho reissued 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. 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $43.50.

Element Solutions Stock Performance

Shares of ESI opened at $35.59 on Friday. The stock has a 50-day simple moving average of $40.59 and a 200-day simple moving average of $38.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. The stock has a market capitalization of $8.67 billion, a PE ratio of 48.09, a PEG ratio of 1.25 and a beta of 1.26. Element Solutions Inc. has a 1 year low of $22.86 and a 1 year high of $49.25.

Element Solutions (NYSE:ESI) last released its earnings results on Monday, July 27th. The company reported $0.47 earnings per share 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 analyst estimates of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts predict that Element Solutions Inc. will post 1.81 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions’s payout ratio is 43.24%.

Element Solutions Company 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.