Capital World Investors Boosts Stake in Element Solutions Inc. $ESI

Capital World Investors raised its position in Element Solutions Inc. (NYSE:ESI) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,405,232 shares of the company’s stock after buying an additional 123,244 shares during the period. Capital World Investors’ holdings in Element Solutions were worth $85,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Element Solutions in the 4th quarter valued at about $28,000. Community Bank N.A. purchased a new position in Element Solutions in the 3rd quarter valued at about $33,000. Aster Capital Management DIFC Ltd purchased a new position in Element Solutions in the 3rd quarter valued at about $41,000. Johnson Financial Group Inc. bought a new position in shares of Element Solutions during the third quarter worth about $47,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Element Solutions during the third quarter worth about $49,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ESI has been the topic of several research analyst reports. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Mizuho increased their price target on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Stock Performance

Shares of ESI stock opened at $41.28 on Wednesday. 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 one year low of $20.95 and a one year high of $45.51. The company’s 50-day simple moving average is $39.87 and its 200-day simple moving average is $33.08. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 66.58, a PEG ratio of 1.40 and a beta of 1.25.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The business 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 company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Equities analysts anticipate that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

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 dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.8%. Element Solutions’s dividend payout ratio is 51.61%.

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.