Element Solutions Inc. $ESI Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Element Solutions Inc. (NYSE:ESI) by 96.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,273 shares of the company’s stock after selling 182,610 shares during the quarter. Hsbc Holdings PLC’s holdings in Element Solutions were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after buying an additional 1,298,273 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Element Solutions by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock worth $212,053,000 after acquiring an additional 228,416 shares during the period. State Street Corp lifted its stake in shares of Element Solutions by 1.2% in the 4th quarter. State Street Corp now owns 7,161,586 shares of the company’s stock worth $178,968,000 after acquiring an additional 83,033 shares during the period. Invesco Ltd. boosted its holdings in shares of Element Solutions by 43.6% in the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after acquiring an additional 2,146,512 shares in the last quarter. Finally, FIL Ltd boosted its holdings in shares of Element Solutions by 13.9% in the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock valued at $127,183,000 after acquiring an additional 621,448 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Trading Down 0.1%

Shares of Element Solutions stock opened at $36.69 on Monday. The company has a 50-day moving average of $41.65 and a two-hundred day moving average of $37.25. Element Solutions Inc. has a 12-month low of $22.63 and a 12-month high of $49.25. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.94 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company’s quarterly revenue was up 56.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. On average, research analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions’s payout ratio is currently 43.24%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Seaport Research Partners reissued a “buy” rating and set a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Truist Financial boosted their target price on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wolfe Research set a $47.00 target price on Element Solutions in a research note on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Element Solutions currently has a consensus rating of “Buy” and a consensus price target of $43.50.

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.