Corient Private Wealth LP Acquires Shares of 412,019 Element Solutions Inc. $ESI

Corient Private Wealth LP acquired a new stake in Element Solutions Inc. (NYSE:ESI) during the second quarter, HoldingsChannel reports. The fund acquired 412,019 shares of the company’s stock, valued at approximately $19,674,000.

A number of other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. lifted its holdings 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 acquiring an additional 468 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions in the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC lifted 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 worth $32,000 after purchasing an additional 346 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Element Solutions in the 3rd quarter valued at about $47,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Element Solutions in the third quarter valued at approximately $49,000. 92.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ESI has been the subject of several recent analyst reports. Wolfe Research set a $47.00 target price on Element Solutions in a research note on Wednesday, July 29th. William Blair set a $48.00 price target on shares of Element Solutions in a research report on Friday. Truist Financial lifted their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Buy” and a consensus target price of $44.00.

Element Solutions Stock Performance

NYSE ESI opened at $34.93 on Friday. The company has a fifty day moving average of $39.43 and a 200-day moving average of $38.32. Element Solutions Inc. has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. The company has a market capitalization of $8.51 billion, a P/E ratio of 47.20, a P/E/G ratio of 1.26 and a beta of 1.26.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million for 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%. The business’s quarterly revenue was up 56.4% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. As a group, equities research analysts predict that Element Solutions Inc. will post 1.81 EPS 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. Stockholders of record on Tuesday, September 1st will be paid 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 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.