Amalgamated Bank Raises Stock Holdings in Element Solutions Inc. (NYSE:ESI)

Amalgamated Bank lifted its stake in Element Solutions Inc. (NYSE:ESI - Free Report) by 479.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,594 shares of the company's stock after buying an additional 55,933 shares during the quarter. Amalgamated Bank's holdings in Element Solutions were worth $1,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after acquiring an additional 249,280 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Element Solutions by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after purchasing an additional 146,570 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Element Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after buying an additional 14,339 shares in the last quarter. Locust Wood Capital Advisers LLC lifted its position in shares of Element Solutions by 11.4% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after purchasing an additional 325,297 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after buying an additional 1,301,602 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ESI. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Mizuho increased their price target on shares of Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. UBS Group lowered their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and reduced their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th. Finally, BMO Capital Markets lowered their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

Element Solutions Stock Performance

NYSE ESI opened at $24.64 on Tuesday. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.96 and a beta of 1.23. The business's 50 day moving average is $21.90 and its two-hundred day moving average is $23.31.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million for 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%. Element Solutions's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Research analysts expect that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Element Solutions's dividend payout ratio is currently 26.89%.

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.

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