Troluce Capital Advisors LLC Buys Shares of 810,400 Element Solutions Inc. $ESI

Troluce Capital Advisors LLC acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI) during the 1st quarter, Holdings Channel.com reports. The firm acquired 810,400 shares of the company’s stock, valued at approximately $27,667,000. Element Solutions accounts for approximately 1.7% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of Element Solutions by 16.4% during the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after acquiring an additional 345 shares in the last quarter. MML Investors Services LLC lifted its position in Element Solutions by 0.3% in the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock valued at $3,146,000 after acquiring an additional 355 shares in the last quarter. Quarry LP lifted its position in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after acquiring an additional 431 shares in the last quarter. Assetmark Inc. boosted its stake in Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares during the period. Finally, 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 purchasing an additional 491 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Trading Down 0.0%

NYSE ESI opened at $37.44 on Monday. The business’s 50-day moving average price is $42.04 and its two-hundred day moving average price is $36.95. Element Solutions Inc. has a 12 month low of $22.63 and a 12 month high of $49.25. The firm has a market capitalization of $9.12 billion, a PE ratio of 60.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. 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 earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. During the same quarter last year, the firm earned $0.34 earnings per share. Element Solutions’s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts expect that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ESI. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Truist Financial lifted their price objective 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. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, UBS Group boosted their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $43.00.

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.