Element Solutions Inc. $ESI Shares Purchased by Eventide Asset Management LLC

Eventide Asset Management LLC boosted its holdings in Element Solutions Inc. (NYSE:ESI) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,149,146 shares of the company’s stock after buying an additional 31,312 shares during the period. Eventide Asset Management LLC owned 0.47% of Element Solutions worth $28,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in Element Solutions by 16.4% in the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after buying an additional 345 shares during the last quarter. Quarry LP boosted its stake in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares during the last quarter. Lido Advisors LLC boosted its stake in Element Solutions by 2.8% in the 4th quarter. Lido Advisors LLC now owns 18,138 shares of the company’s stock worth $456,000 after buying an additional 491 shares during the last quarter. US Bancorp DE boosted its stake in Element Solutions by 3.9% in the 3rd quarter. US Bancorp DE now owns 15,000 shares of the company’s stock worth $378,000 after buying an additional 558 shares during the last quarter. Finally, Inscription Capital LLC boosted its stake in Element Solutions by 2.0% in the 4th quarter. Inscription Capital LLC now owns 30,604 shares of the company’s stock worth $765,000 after buying an additional 588 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on ESI shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price target on shares of Element Solutions in a research note on Monday, February 23rd. KeyCorp raised their price target on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Finally, Truist Financial raised their price target on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Element Solutions has a consensus rating of “Buy” and a consensus price target of $39.57.

Element Solutions Stock Performance

NYSE ESI opened at $43.84 on Friday. The firm has a market capitalization of $10.68 billion, a P/E ratio of 70.72, a P/E/G ratio of 1.52 and a beta of 1.25. Element Solutions Inc. has a 1-year low of $20.95 and a 1-year high of $45.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The business’s 50-day simple moving average is $40.37 and its 200-day simple moving average is $33.40.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Equities analysts predict that Element Solutions Inc. will post 1.78 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st. Element Solutions’s payout ratio is currently 51.61%.

Element Solutions Company 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.