Locust Wood Capital Advisers LLC Increases Stock Holdings in Element Solutions Inc. $ESI

Locust Wood Capital Advisers LLC increased its position in Element Solutions Inc. (NYSE:ESI) by 17.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,308,630 shares of the company’s stock after acquiring an additional 628,181 shares during the quarter. Element Solutions comprises about 2.6% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 20th biggest holding. Locust Wood Capital Advisers LLC owned 1.78% of Element Solutions worth $97,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. Gates Capital Management Inc. boosted its holdings in Element Solutions by 101.9% in the 1st quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company’s stock valued at $122,653,000 after purchasing an additional 2,738,250 shares during the period. Vanguard Group Inc. raised its position in shares of Element Solutions by 12.1% in the first quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company’s stock worth $563,732,000 after buying an additional 2,688,056 shares in the last quarter. AQR Capital Management LLC boosted its stake in Element Solutions by 131.0% during the first quarter. AQR Capital Management LLC now owns 2,861,197 shares of the company’s stock valued at $64,692,000 after buying an additional 1,622,819 shares during the period. SG Capital Management LLC purchased a new position in Element Solutions during the second quarter worth about $26,257,000. Finally, Nuveen LLC bought a new position in Element Solutions in the 1st quarter worth about $20,041,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI opened at $25.53 on Wednesday. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $28.57. The business’s fifty day simple moving average is $25.89 and its two-hundred day simple moving average is $24.57. The company has a current ratio of 4.05, a quick ratio of 3.28 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.28 and a beta of 1.33.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $656.10 million for the quarter, compared to analysts’ expectations of $645.13 million. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.Element Solutions’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Element Solutions’s dividend payout ratio is presently 32.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ESI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, October 8th. UBS Group raised their price target on Element Solutions from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. KeyCorp boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Fermium Researc raised Element Solutions to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, Truist Financial increased their price target on shares of Element Solutions from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.75.

Insider Transactions at Element Solutions

In other Element Solutions news, EVP John Edward Capps sold 77,674 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $26.77, for a total value of $2,079,332.98. Following the transaction, the executive vice president owned 609,790 shares of the company’s stock, valued at approximately $16,324,078.30. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 292,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total value of $7,884,000.00. Following the completion of the transaction, the director directly owned 306,880 shares in the company, valued at $8,285,760. The trade was a 48.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 460,399 shares of company stock valued at $12,376,561. Corporate insiders own 6.90% of the company’s stock.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.