Louisiana State Employees Retirement System Invests $3.44 Million in Element Solutions Inc. $ESI

Louisiana State Employees Retirement System bought a new position in shares of Element Solutions Inc. (NYSE:ESI) during the first quarter, Holdings Channel.com reports. The fund bought 100,900 shares of the company’s stock, valued at approximately $3,445,000.

A number of other large investors have also added to or reduced their stakes in ESI. Invesco Ltd. lifted its holdings in Element Solutions by 43.6% during the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares during the last quarter. Scopus Asset Management L.P. raised its position in shares of Element Solutions by 134.6% in the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after purchasing an additional 1,965,691 shares during the period. Jain Global LLC raised its position in shares of Element Solutions by 253.3% in the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after purchasing an additional 1,525,195 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Element Solutions by 4,492.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock worth $38,611,000 after buying an additional 1,511,430 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Element Solutions by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after buying an additional 1,298,273 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Truist Financial boosted their price objective on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Finally, Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Three research 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $39.57.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $45.74 on Friday. Element Solutions Inc. has a twelve month low of $22.44 and a twelve month high of $49.25. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. The company has a 50-day simple moving average of $42.36 and a two-hundred day simple moving average of $34.82. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 73.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.

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

Element Solutions Dividend Announcement

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

Element Solutions 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.