Beck Bode LLC Purchases New Shares in Element Solutions Inc. $ESI

Beck Bode LLC purchased a new stake in Element Solutions Inc. (NYSE:ESI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 599,141 shares of the company’s stock, valued at approximately $14,973,000. Element Solutions comprises approximately 2.5% of Beck Bode LLC’s portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Iridian Asset Management LLC CT grew its stake in shares of Element Solutions by 37.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after acquiring an additional 71,686 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Element Solutions by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after buying an additional 139,751 shares in the last quarter. Bessemer Group Inc. grew its stake in Element Solutions by 18.6% during the third quarter. Bessemer Group Inc. now owns 1,234,941 shares of the company’s stock worth $31,083,000 after buying an additional 193,487 shares in the last quarter. American Century Companies Inc. grew 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 buying an additional 916,804 shares in the last quarter. Finally, Peak Financial Advisors LLC grew its stake in Element Solutions by 282.4% during the fourth quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock worth $1,994,000 after buying an additional 58,929 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Up 0.9%

NYSE:ESI opened at $40.74 on Friday. The firm’s 50 day simple moving average is $37.62 and its 200 day simple moving average is $31.75. 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 one year low of $20.80 and a one year high of $45.51. The company has a market cap of $9.93 billion, a PE ratio of 65.71, a P/E/G ratio of 1.42 and a beta of 1.27.

Element Solutions (NYSE:ESI) last posted its 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. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year. On average, research analysts anticipate that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given 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 (DPR) is currently 51.61%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research note on Wednesday. Truist Financial increased their price objective on shares of Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their price objective on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Finally, UBS Group increased their price objective on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.57.

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.