Public Employees Retirement Association of Colorado Increases Stake in Element Solutions Inc. $ESI

Public Employees Retirement Association of Colorado grew its position in shares of Element Solutions Inc. (NYSE:ESI) by 11.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,079,227 shares of the company’s stock after buying an additional 110,400 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Element Solutions were worth $26,970,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ESI. Invesco Ltd. raised its position in Element Solutions by 68.6% during the 3rd quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock worth $123,905,000 after buying an additional 2,003,724 shares during the last quarter. Scopus Asset Management L.P. raised its position in Element Solutions by 134.6% during the 2nd quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after buying an additional 1,965,691 shares during the last quarter. Victory Capital Management Inc. raised its position in 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. Merewether Investment Management LP purchased a new position in Element Solutions during the 2nd quarter worth $28,031,000. Finally, Boston Partners purchased a new position in Element Solutions during the 4th quarter worth $29,623,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ESI has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Truist Financial upped their price objective on shares of Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Element Solutions in a research report on Monday, February 23rd. Finally, UBS Group upped their price objective on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Three 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $39.57.

Element Solutions Price Performance

Shares of NYSE ESI opened at $43.84 on Monday. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 70.72, a PEG ratio of 1.52 and a beta of 1.25. Element Solutions Inc. has a 52 week low of $20.95 and a 52 week high of $45.51. The company’s 50-day moving average price is $40.37 and its 200 day moving average price is $33.46. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 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 analysts’ expectations of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. As a group, research analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st. Element Solutions’s dividend payout ratio is presently 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.