Oppenheimer Asset Management Inc. Increases Holdings in Element Solutions Inc (NYSE:ESI)

Oppenheimer Asset Management Inc. boosted its position in shares of Element Solutions Inc (NYSE:ESI) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,165 shares of the company’s stock after purchasing an additional 1,869 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Element Solutions were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC increased its stake in shares of Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after buying an additional 26,753 shares during the period. Cerity Partners LLC increased its position in Element Solutions by 40.4% during the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after purchasing an additional 49,466 shares during the period. Entropy Technologies LP bought a new stake in shares of Element Solutions in the 4th quarter valued at about $433,000. Barclays PLC boosted its stake in shares of Element Solutions by 96.0% during the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after purchasing an additional 52,973 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Element Solutions by 549.2% during the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after buying an additional 1,369,981 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

ESI opened at $25.37 on Tuesday. The company has a market cap of $6.15 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $25.78 and its 200-day moving average price is $26.39. Element Solutions Inc has a 52-week low of $23.09 and a 52-week high of $29.78.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. As a group, equities analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Analysts Set New Price Targets

A number of research firms have weighed in on ESI. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Bank of America reissued a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Truist Financial initiated coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target 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.