Locust Wood Capital Advisers LLC Has $120.89 Million Stake in Element Solutions Inc. $ESI

Locust Wood Capital Advisers LLC lifted its position in Element Solutions Inc. (NYSE:ESI) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,837,611 shares of the company’s stock after buying an additional 115,147 shares during the quarter. Element Solutions accounts for about 2.9% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 16th biggest holding. Locust Wood Capital Advisers LLC’s holdings in Element Solutions were worth $120,892,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ESI. Los Angeles Capital Management LLC bought a new position in Element Solutions during the fourth quarter valued at approximately $28,000. Community Bank N.A. acquired a new position in shares of Element Solutions during the 3rd quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new position in shares of Element Solutions during the 3rd quarter valued at $41,000. Johnson Financial Group Inc. bought a new position in shares of Element Solutions during the 3rd quarter valued at $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Element Solutions in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Down 0.1%

Element Solutions stock opened at $39.78 on Monday. Element Solutions Inc. has a 52 week low of $20.95 and a 52 week high of $45.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The firm has a market capitalization of $9.69 billion, a PE ratio of 64.16, a PEG ratio of 1.39 and a beta of 1.25. The business’s 50-day simple moving average is $39.59 and its 200-day simple moving average is $32.85.

Element Solutions (NYSE:ESI) last released its earnings results 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. The firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Equities research analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Element Solutions’s payout ratio is 51.61%.

Analyst Ratings Changes

Several equities analysts have commented on ESI shares. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Element Solutions in a research note on Monday, February 23rd. UBS Group increased their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. KeyCorp boosted their target price on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Mizuho upped their target price on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $39.57.

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.