Element Solutions Inc. $ESI Shares Sold by Atom Investors LP

Atom Investors LP lessened its stake in shares of Element Solutions Inc. (NYSE:ESI) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,251 shares of the company’s stock after selling 42,857 shares during the quarter. Atom Investors LP’s holdings in Element Solutions were worth $4,904,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Element Solutions during the 4th quarter valued at $28,000. Community Bank N.A. acquired a new stake in Element Solutions during the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions during the 3rd quarter valued at $41,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions during the 3rd quarter valued at $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 target price on shares of Element Solutions in a report on Monday, February 23rd. Truist Financial increased their target price on Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Finally, UBS Group increased their price target on Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.57.

Element Solutions Trading Down 1.0%

Shares of Element Solutions stock opened at $44.63 on Wednesday. Element Solutions Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $45.91. The firm has a market cap of $10.87 billion, a PE ratio of 71.99, a P/E/G ratio of 1.57 and a beta of 1.25. The business’s fifty day moving average is $40.80 and its two-hundred day moving average is $33.73. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. Analysts anticipate that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio is currently 51.61%.

About Element Solutions

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.