114,347 Shares in Element Solutions Inc. $ESI Acquired by Rokos Capital Management LLP

Rokos Capital Management LLP bought a new position in Element Solutions Inc. (NYSE:ESI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 114,347 shares of the company’s stock, valued at approximately $3,904,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in Element Solutions during the 1st quarter valued at about $1,708,000. The Manufacturers Life Insurance Company lifted its stake in shares of Element Solutions by 10.0% in the first quarter. The Manufacturers Life Insurance Company now owns 51,549 shares of the company’s stock worth $1,760,000 after buying an additional 4,673 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Element Solutions in the first quarter worth approximately $1,486,000. Castleark Management LLC lifted its stake in shares of Element Solutions by 3.9% in the first quarter. Castleark Management LLC now owns 273,884 shares of the company’s stock worth $9,350,000 after buying an additional 10,380 shares in the last quarter. Finally, Troluce Capital Advisors LLC purchased a new stake in shares of Element Solutions during the first quarter valued at approximately $27,667,000. 92.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Element Solutions from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Truist Financial lifted their target price on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group boosted their price target on Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Mizuho reaffirmed a “neutral” rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Buy” and a consensus target price of $43.00.

Element Solutions Stock Up 1.0%

Shares of Element Solutions stock opened at $37.83 on Tuesday. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 61.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. The company’s 50 day moving average is $42.00 and its 200 day moving average is $37.03. Element Solutions Inc. has a twelve month low of $22.63 and a twelve month high of $49.25. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue was up 56.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Research analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

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.