Thrivent Financial for Lutherans Purchases 174,228 Shares of Element Solutions Inc. $ESI

Thrivent Financial for Lutherans raised its position in Element Solutions Inc. (NYSE:ESI) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,524,090 shares of the company’s stock after buying an additional 174,228 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Element Solutions were worth $63,077,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Element Solutions by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after buying an additional 139,751 shares during the period. Invesco Ltd. raised its stake in shares of Element Solutions by 68.6% in the third quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock valued at $123,905,000 after buying an additional 2,003,724 shares during the period. Locust Wood Capital Advisers LLC raised its stake in shares of Element Solutions by 9.6% in the third quarter. Locust Wood Capital Advisers LLC now owns 4,722,464 shares of the company’s stock valued at $118,864,000 after buying an additional 413,834 shares during the period. American Century Companies Inc. grew its position in shares of Element Solutions by 28.0% in the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock valued at $105,609,000 after purchasing an additional 916,804 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Element Solutions by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after purchasing an additional 562,205 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the transaction, the director directly owned 147,832 shares in the company, valued at $5,250,992.64. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is currently owned by insiders.

Element Solutions Price Performance

Element Solutions stock opened at $42.34 on Friday. Element Solutions Inc. has a 52 week low of $20.80 and a 52 week high of $45.51. The business has a 50-day simple moving average of $36.83 and a 200 day simple moving average of $31.27. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 68.30, a PEG ratio of 1.52 and a beta of 1.27.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. On average, research analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

ESI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. UBS Group boosted their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Mizuho boosted their price objective on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. BMO Capital Markets boosted their price objective on Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Truist Financial boosted their price objective on Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $39.57.

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.