43,524 Shares in Element Solutions Inc. $ESI Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new position in Element Solutions Inc. (NYSE:ESI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,524 shares of the company’s stock, valued at approximately $1,486,000.

Several other institutional investors have also added to or reduced their stakes in ESI. Millennium Management LLC increased its holdings in shares of Element Solutions by 339.3% in the first quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock worth $10,098,000 after buying an additional 344,950 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Element Solutions by 60.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Element Solutions by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth bought a new position in Element Solutions during the 1st quarter worth approximately $400,000. Finally, Amundi grew its position in Element Solutions by 258,233.3% during the 2nd quarter. Amundi now owns 93,000 shares of the company’s stock worth $2,237,000 after acquiring an additional 92,964 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Up 1.0%

ESI opened at $37.83 on Tuesday. The business has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $37.03. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 1.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions Inc. has a one year low of $22.63 and a one year high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s revenue was up 56.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Analysts predict that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.8%. Element Solutions’s payout ratio is 51.61%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ESI. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Truist Financial raised their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. UBS Group upped their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $43.00.

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.