Aaron Wealth Advisors LLC Makes New $261,000 Investment in Element Solutions Inc. (NYSE:ESI)

Aaron Wealth Advisors LLC acquired a new position in Element Solutions Inc. (NYSE:ESI) during the first quarter, HoldingsChannel reports. The institutional investor acquired 11,531 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. TD Private Client Wealth LLC purchased a new stake in Element Solutions in the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $68,000. Wells Fargo & Company MN grew its holdings in shares of Element Solutions by 100.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company’s stock valued at $88,000 after buying an additional 1,739 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 0.2%

ESI opened at $24.00 on Friday. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $29.78. The company has a market capitalization of $5.82 billion, a PE ratio of 20.17, a PEG ratio of 1.96 and a beta of 1.23. The firm’s 50 day simple moving average is $21.73 and its two-hundred day simple moving average is $23.37.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.33%. Element Solutions’s payout ratio is presently 26.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ESI shares. KeyCorp cut their price target on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. UBS Group cut their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and cut their price target for the company from $28.00 to $24.00 in a report on Monday, April 14th. Barclays cut their price target on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Mizuho increased their price target on shares of Element Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

About Element Solutions

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.