46,174 Shares in Element Solutions Inc. $ESI Purchased by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 46,174 shares of Element Solutions in the second quarter, valued at approximately $2.2 million. Institutional investors collectively own 92.32% of the company.
• Element Solutions reported quarterly EPS of $0.47, exceeding estimates of $0.43, while revenue rose 56.4% year over year to $977.9 million. Analysts maintain a consensus “Buy” rating with an average price target of $43.50.
• The company declared a quarterly dividend of $0.08 per share, equivalent to an annualized dividend of $0.32 and a yield of approximately 0.8%.

Oppenheimer Asset Management Inc. acquired a new position in Element Solutions Inc. (NYSE:ESI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,174 shares of the company's stock, valued at approximately $2,205,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Element Solutions by 339.3% in the 1st quarter. Millennium Management LLC now owns 446,622 shares of the company's stock worth $10,098,000 after buying an additional 344,950 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Element Solutions by 60.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company's stock valued at $42,825,000 after acquiring an additional 712,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Element Solutions by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company's stock worth $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth bought a new stake in Element Solutions during the first quarter worth $400,000. Finally, Amundi lifted its holdings in Element Solutions by 258,233.3% during the second quarter. Amundi now owns 93,000 shares of the company's stock worth $2,237,000 after acquiring an additional 92,964 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ESI shares. BMO Capital Markets restated an "outperform" rating on shares of Element Solutions in a research note on Tuesday, July 28th. Wall Street Zen upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Monday, April 20th. UBS Group boosted their price target on shares of Element Solutions to $52.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Truist Financial increased their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Finally, Mizuho restated a "neutral" rating and set a $45.00 price objective (down from $54.00) on shares of Element Solutions in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $43.50.

Element Solutions Price Performance

Shares of NYSE ESI opened at $38.80 on Monday. The stock has a fifty day simple moving average of $40.90 and a two-hundred day simple moving average of $37.91. Element Solutions Inc. has a 1-year low of $22.86 and a 1-year high of $49.25. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 52.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. During the same period last year, the business posted $0.20 earnings per share. The business's revenue for the quarter was up 56.4% on a year-over-year basis. Analysts anticipate that Element Solutions Inc. will post 1.81 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.32 annualized dividend and a yield of 0.8%. Element Solutions's dividend payout ratio (DPR) is 43.24%.

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.

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