Element Solutions Inc. $ESI Stock Position Raised by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its stake in Element Solutions Inc. (NYSE:ESI) by 671.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335,149 shares of the company’s stock after purchasing an additional 291,718 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Element Solutions were worth $16,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ESI. Assetmark Inc. lifted its stake in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after buying an additional 468 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Element Solutions in the fourth quarter worth approximately $28,000. NewEdge Advisors LLC raised its holdings in shares of Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after acquiring an additional 346 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Element Solutions during the third quarter valued at approximately $47,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ESI. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Friday, August 14th. William Blair set a $48.00 price target on Element Solutions in a research report on Friday. Seaport Research Partners restated a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, Wolfe Research set a $47.00 price target on shares of Element Solutions in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $44.00.

Element Solutions Trading Down 4.4%

Shares of ESI stock opened at $34.93 on Friday. Element Solutions Inc. has a 12 month low of $22.86 and a 12 month high of $49.25. The company has a market cap of $8.51 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $39.43 and its two-hundred day moving average is $38.32.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. Element Solutions’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 earnings per share. Equities analysts predict that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend 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%.

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.