Elevation Point Wealth Partners LLC Makes New $1 Million Investment in Element Solutions Inc. $ESI

Elevation Point Wealth Partners LLC acquired a new stake in Element Solutions Inc. (NYSE:ESI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 20,988 shares of the company’s stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. raised its position in shares of Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after buying an additional 468 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Element Solutions in the fourth quarter valued at $28,000. NewEdge Advisors LLC increased its stake in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Element Solutions in the 3rd quarter worth about $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions in the 3rd quarter worth about $49,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Price Performance

Shares of NYSE ESI opened at $34.97 on Tuesday. Element Solutions Inc. has a 1-year low of $22.86 and a 1-year high of $49.25. The business has a 50-day moving average of $40.21 and a 200-day moving average of $38.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 1.22 and a beta of 1.26.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $977.90 million for the quarter, compared to the consensus estimate 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 was up 56.4% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. On average, equities analysts anticipate that Element Solutions Inc. will post 1.81 EPS for the current fiscal year.

Element Solutions Dividend Announcement

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

Analyst Ratings Changes

ESI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Friday, August 14th. Wolfe Research set a $47.00 price target on shares of Element Solutions in a research note on Wednesday, July 29th. Mizuho reiterated a “neutral” rating and issued a $45.00 target price (down from $54.00) on shares of Element Solutions in a report on Tuesday, July 14th. Seaport Research Partners reissued a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, Truist Financial upped their price target on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $43.50.

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.