Oregon Public Employees Retirement Fund Purchases Shares of 51,000 Element Solutions Inc. (NYSE:ESI)

Oregon Public Employees Retirement Fund bought a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,000 shares of the company's stock, valued at approximately $1,153,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in Element Solutions during the fourth quarter worth $27,000. Park Square Financial Group LLC acquired a new position in shares of Element Solutions during the fourth quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Element Solutions during the fourth quarter valued at $68,000. Wells Fargo & Company MN grew its holdings in Element Solutions by 100.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock worth $88,000 after acquiring an additional 1,739 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Element Solutions during the fourth quarter worth about $93,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Up 1.3%

ESI stock traded up $0.32 during midday trading on Wednesday, hitting $24.71. The company's stock had a trading volume of 950,682 shares, compared to its average volume of 2,023,118. The company has a market cap of $5.99 billion, a PE ratio of 20.71, a P/E/G ratio of 2.01 and a beta of 1.23. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The firm's 50-day moving average is $21.98 and its 200-day moving average is $23.32.

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

Element Solutions Announces Dividend

The business also recently declared 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. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio is presently 26.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and cut their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Barclays decreased their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and cut their price objective for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. Finally, UBS Group lifted their price target on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.25.

Element Solutions Company Profile

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.