Sei Investments Co. Raises Stake in Element Solutions Inc. $ESI

Sei Investments Co. lifted its stake in Element Solutions Inc. (NYSE:ESI) by 42.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 802,633 shares of the company’s stock after purchasing an additional 238,727 shares during the period. Sei Investments Co.’s holdings in Element Solutions were worth $27,402,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. 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 period. MML Investors Services LLC grew its stake in Element Solutions by 0.3% in the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after acquiring an additional 355 shares in the last quarter. Quarry LP increased its position in shares of Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after acquiring an additional 431 shares during the period. Assetmark Inc. raised its stake in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Element Solutions by 2.8% during the fourth quarter. Lido Advisors LLC now owns 18,138 shares of the company’s stock valued at $456,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial boosted their price target on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. UBS Group increased their price target on Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets raised their price target on Element Solutions from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.00.

Element Solutions Trading Up 1.0%

NYSE:ESI opened at $37.83 on Tuesday. The firm has a 50-day simple moving average of $42.00 and a 200-day simple moving average of $37.03. Element Solutions Inc. has a one year low of $22.63 and a one year high of $49.25. The firm has a market cap of $9.21 billion, a P/E ratio of 61.01, a P/E/G ratio of 1.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company’s quarterly revenue was up 56.4% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. Equities analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current fiscal year.

Element Solutions Dividend Announcement

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

Element Solutions 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.