Aigen Investment Management LP Makes New $217,000 Investment in Element Solutions Inc (NYSE:ESI)

Aigen Investment Management LP purchased a new stake in Element Solutions Inc (NYSE:ESI) in the fourth quarter, HoldingsChannel reports. The firm purchased 8,541 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in Element Solutions by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after purchasing an additional 209,441 shares during the period. State Street Corp grew its holdings in shares of Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock valued at $117,320,000 after buying an additional 230,793 shares during the period. Geode Capital Management LLC grew its holdings in shares of Element Solutions by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock valued at $96,216,000 after buying an additional 18,791 shares during the period. GW&K Investment Management LLC increased its position in shares of Element Solutions by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company’s stock valued at $65,174,000 after buying an additional 19,962 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its stake in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after buying an additional 1,529,607 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of research analyst reports. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Barclays dropped their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Truist Financial initiated coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Finally, BMO Capital Markets raised their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Stock Performance

Shares of ESI stock opened at $24.82 on Monday. Element Solutions Inc has a 12 month low of $23.10 and a 12 month high of $29.78. The company’s fifty day simple moving average is $25.71 and its 200-day simple moving average is $26.37. The firm has a market cap of $6.02 billion, a PE ratio of 24.33, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76.

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

Element Solutions Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.

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.