51,000 Shares in Element Solutions Inc. (NYSE:ESI) Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 51,000 shares of the company's stock, valued at approximately $1,153,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ESI. Integrated Wealth Concepts LLC grew its holdings in shares of Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after acquiring an additional 423 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after acquiring an additional 430 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Element Solutions by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after acquiring an additional 545 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Element Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock worth $2,502,000 after acquiring an additional 610 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Element Solutions by 7.1% in the first quarter. KBC Group NV now owns 10,319 shares of the company's stock worth $233,000 after buying an additional 681 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ESI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Mizuho increased their price objective on Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. KeyCorp lowered their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.75.

Element Solutions Trading Down 0.2%

Shares of ESI stock opened at $24.00 on Friday. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $23.33. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The firm has a market cap of $5.82 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.33%. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.

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