263,644 Shares in Element Solutions Inc. $ESI Bought by Castleark Management LLC

Castleark Management LLC acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI) in the second quarter, HoldingsChannel reports. The fund acquired 263,644 shares of the company’s stock, valued at approximately $12,589,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $28,000. NewEdge Advisors LLC grew its stake in shares of Element Solutions by 57.4% in the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after buying an additional 346 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Element Solutions in the third quarter worth approximately $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Element Solutions in the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Friday, August 14th. Mizuho restated a “neutral” rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Truist Financial increased their price target on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group raised their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wolfe Research set a $47.00 price objective on shares of Element Solutions in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $43.50.

Element Solutions Stock Performance

Shares of NYSE ESI opened at $35.46 on Wednesday. The business’s 50-day simple moving average is $40.03 and its 200-day simple moving average is $38.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. Element Solutions Inc. has a 52 week low of $22.86 and a 52 week high of $49.25. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 47.91, a P/E/G ratio of 1.21 and a beta of 1.26.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The firm had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company’s revenue for the quarter was up 56.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. As a group, equities research analysts expect that Element Solutions Inc. will post 1.81 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

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.