Ieq Capital LLC Boosts Stake in Element Solutions Inc (NYSE:ESI)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in ESI. Global Retirement Partners LLC raised its holdings in Element Solutions by 296.5% in the fourth quarter. Global Retirement Partners LLC now owns 14,015 shares of the company’s stock worth $356,000 after purchasing an additional 10,480 shares in the last quarter. Truist Financial Corp grew its position in shares of Element Solutions by 3.1% in the 4th quarter. Truist Financial Corp now owns 168,736 shares of the company’s stock worth $4,291,000 after buying an additional 5,052 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Element Solutions in the 4th quarter worth about $395,000. Principal Financial Group Inc. lifted its position in Element Solutions by 18.6% during the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company’s stock valued at $1,900,000 after acquiring an additional 11,702 shares during the period. Finally, Blue Zone Wealth Advisors LLC boosted its stake in Element Solutions by 2.3% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 173,546 shares of the company’s stock worth $4,413,000 after acquiring an additional 3,949 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Element Solutions Price Performance

Shares of NYSE:ESI opened at $26.27 on Tuesday. The business has a 50-day simple moving average of $25.75 and a two-hundred day simple moving average of $26.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. Element Solutions Inc has a fifty-two week low of $23.09 and a fifty-two week high of $29.78.

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

Element Solutions Announces Dividend

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

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.