Hsbc Holdings PLC Raises Stake in Element Solutions Inc. $ESI

Hsbc Holdings PLC lifted its stake in shares of Element Solutions Inc. (NYSE:ESI) by 45.2% during the 4th quarter, Holdings Channel reports. The fund owned 189,883 shares of the company’s stock after buying an additional 59,154 shares during the quarter. Hsbc Holdings PLC’s holdings in Element Solutions were worth $4,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Iridian Asset Management LLC CT raised its position in shares of Element Solutions by 37.2% during the 4th quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after buying an additional 71,686 shares during the period. Dimensional Fund Advisors LP grew its position in Element Solutions by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after acquiring an additional 139,751 shares during the period. American Century Companies Inc. increased its stake in Element Solutions by 28.0% during the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after acquiring an additional 916,804 shares during the last quarter. Peak Financial Advisors LLC raised its position in Element Solutions by 282.4% in the fourth quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock valued at $1,994,000 after purchasing an additional 58,929 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock valued at $63,077,000 after purchasing an additional 174,228 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ESI shares. UBS Group raised their price objective on Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Wednesday, May 20th. Truist Financial increased their target price on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.57.

Element Solutions Price Performance

Shares of NYSE ESI opened at $45.74 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. Element Solutions Inc. has a fifty-two week low of $22.44 and a fifty-two week high of $49.25. The firm has a market capitalization of $11.14 billion, a PE ratio of 73.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The stock’s 50-day simple moving average is $42.36 and its 200-day simple moving average is $34.82.

Element Solutions (NYSE:ESI) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, equities research analysts forecast that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. 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.