Deutsche Bank AG Invests $1.61 Million in Element Solutions Inc. $ESI

Deutsche Bank AG acquired a new stake in Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,814 shares of the company’s stock, valued at approximately $1,615,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock worth $63,077,000 after purchasing an additional 174,228 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Element Solutions by 45.2% during the 4th quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock worth $4,767,000 after buying an additional 59,154 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Element Solutions by 36.7% during the 1st quarter. Jennison Associates LLC now owns 2,977,958 shares of the company’s stock worth $101,667,000 after buying an additional 798,923 shares in the last quarter. Capital World Investors boosted its stake in shares of Element Solutions by 3.8% in the 4th quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock worth $85,097,000 after buying an additional 123,244 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Element Solutions by 2,818.0% in the 1st quarter. Fifth Third Bancorp now owns 68,543 shares of the company’s stock worth $2,340,000 after buying an additional 66,194 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ESI shares. Wolfe Research set a $47.00 target price on Element Solutions in a report on Wednesday, July 29th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. William Blair set a $48.00 price objective on Element Solutions in a research note on Friday. Mizuho restated a “neutral” rating and issued a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Element Solutions currently has an average rating of “Buy” and an average target price of $44.00.

Element Solutions Stock Down 4.4%

Element Solutions stock opened at $34.93 on Friday. Element Solutions Inc. has a twelve month low of $22.86 and a twelve month high of $49.25. The firm has a 50 day moving average price of $39.43 and a 200-day moving average price of $38.32. The company has a market capitalization of $8.51 billion, a P/E ratio of 47.20, a P/E/G ratio of 1.26 and a beta of 1.26. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company had revenue of $977.90 million for the quarter, compared to analysts’ expectations of $873.19 million. During the same quarter in the previous year, the firm posted $0.20 EPS. Element Solutions’s revenue was up 56.4% on a year-over-year basis. As a group, equities analysts predict that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

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.