London Co. of Virginia Has $35.85 Million Position in Element Solutions Inc. $ESI

London Co. of Virginia increased its stake in Element Solutions Inc. (NYSE:ESI) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,050,175 shares of the company’s stock after purchasing an additional 44,203 shares during the period. London Co. of Virginia’s holdings in Element Solutions were worth $35,853,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after buying an additional 2,146,512 shares during the last quarter. Scopus Asset Management L.P. lifted its stake in shares of Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after acquiring an additional 1,965,691 shares during the period. Jain Global LLC boosted its holdings in Element Solutions by 253.3% in the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after acquiring an additional 1,525,195 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Element Solutions by 4,492.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock valued at $38,611,000 after acquiring an additional 1,511,430 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Element Solutions by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after purchasing an additional 1,298,273 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho restated a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. UBS Group lifted their price target on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial boosted their price target on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $43.00.

Element Solutions Price Performance

Shares of ESI opened at $37.44 on Friday. The stock has a market cap of $9.12 billion, a P/E ratio of 60.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. Element Solutions Inc. has a 1 year low of $22.63 and a 1 year high of $49.25. The stock’s 50-day moving average price is $42.04 and its two-hundred day moving average price is $36.88. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.Element Solutions’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. On average, equities analysts predict that Element Solutions Inc. will post 1.79 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio is presently 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.