New Age Alpha Advisors LLC Decreases Stock Holdings in Element Solutions Inc. $ESI

New Age Alpha Advisors LLC lowered its position in Element Solutions Inc. (NYSE:ESI) by 97.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,656 shares of the company’s stock after selling 192,381 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Element Solutions were worth $141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ESI. Millennium Management LLC raised its stake in shares of Element Solutions by 339.3% in the first quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock valued at $10,098,000 after acquiring an additional 344,950 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Element Solutions by 60.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Element Solutions by 4.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth purchased a new stake in shares of Element Solutions in the first quarter valued at $400,000. Finally, Amundi raised its stake in shares of Element Solutions by 258,233.3% in the second quarter. Amundi now owns 93,000 shares of the company’s stock valued at $2,237,000 after acquiring an additional 92,964 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. KeyCorp increased their target price on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 target price on shares of Element Solutions in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Finally, Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $39.57.

Element Solutions Stock Up 1.2%

Shares of Element Solutions stock opened at $42.40 on Friday. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions Inc. has a 1 year low of $20.80 and a 1 year high of $45.51. The firm’s 50-day moving average is $38.72 and its two-hundred day moving average is $32.28.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for 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 revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, research analysts expect that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is currently 51.61%.

Element Solutions Company 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.