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

Eventide Asset Management LLC increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,149,146 shares of the company’s stock after purchasing an additional 31,312 shares during the period. Eventide Asset Management LLC’s holdings in Element Solutions were worth $28,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Iridian Asset Management LLC CT lifted its position in Element Solutions by 37.2% during the 4th quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock worth $6,603,000 after acquiring an additional 71,686 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Element Solutions by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after acquiring an additional 139,751 shares in the last quarter. American Century Companies Inc. lifted its position in Element Solutions by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after acquiring an additional 916,804 shares in the last quarter. Peak Financial Advisors LLC increased its holdings in Element Solutions by 282.4% during the 4th quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock worth $1,994,000 after purchasing an additional 58,929 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in Element Solutions by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 881,354 shares of the company’s stock worth $22,184,000 after purchasing an additional 79,784 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ESI shares. UBS Group lifted their price objective on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Truist Financial lifted their price objective on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. KeyCorp lifted their price objective on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Seaport Research Partners restated a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Element Solutions in a report on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Element Solutions presently has an average rating of “Buy” and a consensus price target of $39.57.

Element Solutions Stock Performance

Element Solutions stock opened at $43.84 on Friday. The company has a market cap of $10.68 billion, a PE ratio of 70.72, a P/E/G ratio of 1.52 and a beta of 1.25. The company has a fifty day moving average price of $40.37 and a two-hundred day moving average price of $33.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions Inc. has a 12 month low of $20.95 and a 12 month high of $45.51.

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

Element Solutions Announces Dividend

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

About Element Solutions

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.