Ieq Capital LLC Increases Position in Element Solutions Inc (NYSE:ESI)

Ieq Capital LLC raised its position in shares of Element Solutions Inc (NYSE:ESI) by 305.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,861 shares of the company’s stock after purchasing an additional 30,027 shares during the period. Ieq Capital LLC’s holdings in Element Solutions were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in Element Solutions in the fourth quarter worth approximately $43,000. UMB Bank n.a. grew its position in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after acquiring an additional 949 shares during the last quarter. Richardson Financial Services Inc. grew its position in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after acquiring an additional 911 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Element Solutions during the fourth quarter worth approximately $87,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 0.9 %

Shares of NYSE:ESI opened at $26.27 on Tuesday. The stock’s 50-day moving average is $25.75 and its 200 day moving average is $26.37. The company has a market cap of $6.37 billion, a PE ratio of 25.75, a P/E/G ratio of 2.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a 1 year low of $23.09 and a 1 year high of $29.78.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Sell-side analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.22%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

ESI has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday. Barclays lowered their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Bank of America restated a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, Truist Financial assumed coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Element Solutions has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.