Deutsche Bank AG Buys Shares of 33,814 Element Solutions Inc. $ESI

Key Points

• Deutsche Bank initiated a position in Element Solutions by purchasing 33,814 shares worth approximately $1.6 million during the second quarter. Institutional investors and hedge funds collectively own 92.32% of the company.
• Element Solutions exceeded quarterly expectations, reporting $0.47 EPS versus the $0.43 estimate and $977.9 million in revenue, up 56.4% year over year. Analysts maintain a consensus “Buy” rating with a $44.00 price target.
• The company declared a quarterly dividend of $0.08 per share, or $0.32 annualized, representing a 0.9% yield; shares recently opened at $34.93, below their 50-day and 200-day moving averages.

Deutsche Bank AG bought a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,814 shares of the company's stock, valued at approximately $1,615,000.

Several other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Element Solutions during the 2nd quarter valued at $110,892,000. Invesco Ltd. increased its holdings in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company's stock worth $176,660,000 after purchasing an additional 2,146,512 shares in the last quarter. Scopus Asset Management L.P. raised its position in Element Solutions by 134.6% in the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company's stock valued at $77,602,000 after purchasing an additional 1,965,691 shares during the last quarter. Jain Global LLC raised its position in Element Solutions by 253.3% in the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company's stock valued at $53,161,000 after purchasing an additional 1,525,195 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Element Solutions by 4,492.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company's stock valued at $38,611,000 after purchasing an additional 1,511,430 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ESI. BMO Capital Markets reaffirmed an "outperform" rating on shares of Element Solutions in a research note on Tuesday, July 28th. Seaport Research Partners reiterated a "buy" rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Element Solutions in a report on Friday, August 14th. Truist Financial upped 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 reaffirmed a "neutral" rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Element Solutions has an average rating of "Buy" and a consensus price target of $44.00.

Element Solutions Price Performance

Shares of ESI opened at $34.93 on Friday. The business has a 50-day moving average of $39.43 and a 200-day moving average of $38.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. Element Solutions Inc. has a 1 year low of $22.86 and a 1 year high of $49.25.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company's revenue for the quarter was up 56.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, equities research 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 announced 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 is Tuesday, September 1st. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions's payout ratio is presently 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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