Clearbridge Investments LLC Has $43.48 Million Stake in Element Solutions Inc. $ESI

Clearbridge Investments LLC trimmed its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739,797 shares of the company’s stock after selling 49,035 shares during the period. Clearbridge Investments LLC’s holdings in Element Solutions were worth $43,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESI. Parallel Advisors LLC boosted its position in Element Solutions by 16.4% in the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock valued at $61,000 after buying an additional 345 shares during the last quarter. Quarry LP boosted 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 buying an additional 431 shares during the last quarter. Lido Advisors LLC boosted its position in Element Solutions by 2.8% in the 4th quarter. Lido Advisors LLC now owns 18,138 shares of the company’s stock valued at $456,000 after buying an additional 491 shares during the last quarter. US Bancorp DE boosted its position in Element Solutions by 3.9% in the 3rd quarter. US Bancorp DE now owns 15,000 shares of the company’s stock valued at $378,000 after buying an additional 558 shares during the last quarter. Finally, Inscription Capital LLC boosted its position in Element Solutions by 2.0% in the 4th quarter. Inscription Capital LLC now owns 30,604 shares of the company’s stock valued at $765,000 after buying an additional 588 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Up 2.8%

NYSE:ESI opened at $41.28 on Wednesday. Element Solutions Inc. has a 12-month low of $20.95 and a 12-month high of $45.51. 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 firm has a market capitalization of $10.06 billion, a P/E ratio of 66.58, a P/E/G ratio of 1.40 and a beta of 1.25. The stock’s fifty day simple moving average is $39.87 and its 200-day simple moving average is $33.08.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (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 for the quarter, compared to analyst estimates of $710.51 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 41.5% on a year-over-year basis. Equities research analysts expect that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.8%. Element Solutions’s payout ratio is currently 51.61%.

Analysts Set New Price Targets

A number of research analysts have commented on ESI shares. Mizuho increased their price objective on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Truist Financial increased their price objective on Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Finally, UBS Group increased their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Three investment 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $39.57.

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.