William Blair Investment Management LLC Makes New Investment in Element Solutions Inc. $ESI

William Blair Investment Management LLC bought a new stake in shares of Element Solutions Inc. (NYSE:ESI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,740 shares of the company’s stock, valued at approximately $704,000.

Other hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in shares of Element Solutions during the 2nd quarter worth $418,000. Callan Family Office LLC bought a new stake in shares of Element Solutions in the second quarter valued at about $445,000. OneAscent Investment Solutions LLC bought a new stake in shares of Element Solutions in the second quarter valued at about $621,000. OneAscent Wealth Management LLC purchased a new stake in Element Solutions in the second quarter worth about $309,000. Finally, OneAscent Family Office LLC bought a new position in Element Solutions during the 2nd quarter worth about $264,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ESI shares. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. Truist Financial increased their target price on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research note on Friday, August 14th. Finally, Mizuho reaffirmed a “neutral” rating and set a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $43.50.

Element Solutions Price Performance

NYSE ESI opened at $35.35 on Monday. The firm’s fifty day simple moving average is $40.42 and its two-hundred day simple moving average is $38.16. The firm has a market capitalization of $8.61 billion, a P/E ratio of 47.77, a P/E/G ratio of 1.22 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions Inc. has a 12-month low of $22.86 and a 12-month high of $49.25.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data 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. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. During the same quarter last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 56.4% on a year-over-year basis. Analysts forecast that Element Solutions Inc. will post 1.81 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm 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 $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is currently 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.