Sigma Planning Corp Buys Shares of 25,000 Element Solutions Inc. $ESI

Sigma Planning Corp purchased a new position in shares of Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $1,194,000.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock worth $63,077,000 after purchasing an additional 174,228 shares in the last quarter. Hsbc Holdings PLC boosted its stake 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 purchasing an additional 59,154 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Element Solutions during the second quarter worth about $8,363,000. Jennison Associates LLC increased its stake in shares of Element Solutions by 36.7% in the first quarter. Jennison Associates LLC now owns 2,977,958 shares of the company’s stock valued at $101,667,000 after buying an additional 798,923 shares during the period. Finally, Capital World Investors increased its stake in shares of Element Solutions by 3.8% in the fourth quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock valued at $85,097,000 after buying an additional 123,244 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 3.5%

NYSE ESI opened at $34.30 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.23 and a beta of 1.26. Element Solutions Inc. has a one year low of $22.86 and a one year high of $49.25. The business’s fifty day moving average is $38.93 and its 200-day moving average is $38.41.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. During the same quarter last year, the business posted $0.20 EPS. Element Solutions’s quarterly revenue was up 56.4% compared to the same quarter last year. Equities research analysts predict that Element Solutions Inc. will post 1.8 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is currently 43.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ESI shares. Bank of America started coverage on shares of Element Solutions in a research report on Tuesday. They set a “buy” rating and a $42.00 target price on the stock. Mizuho reiterated 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. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. William Blair set a $48.00 target price on Element Solutions in a research report on Friday. Finally, Truist Financial upped their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $45.00.

Element Solutions 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.