Impax Asset Management Group plc Acquires 80,000 Shares of Element Solutions Inc (NYSE:ESI)

Impax Asset Management Group plc grew its holdings in shares of Element Solutions Inc (NYSE:ESI) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 641,946 shares of the company’s stock after acquiring an additional 80,000 shares during the quarter. Impax Asset Management Group plc’s holdings in Element Solutions were worth $16,325,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd raised its stake in Element Solutions by 57.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 30,004 shares of the company’s stock valued at $763,000 after purchasing an additional 10,953 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Element Solutions during the 4th quarter valued at $216,000. Forte Capital LLC ADV lifted its holdings in shares of Element Solutions by 6.9% during the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock worth $326,000 after acquiring an additional 830 shares during the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Element Solutions by 305.3% during the 4th quarter. Ieq Capital LLC now owns 39,861 shares of the company’s stock worth $1,014,000 after acquiring an additional 30,027 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $26.27 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a one year low of $23.09 and a one year high of $29.78. The business’s 50 day simple moving average is $25.75 and its two-hundred day simple moving average is $26.37. The stock has a market capitalization of $6.37 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ESI shares. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets increased 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. Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price for the company. Bank of America reiterated 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, Barclays lowered their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Company 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.