Element Solutions Inc. $ESI Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its holdings in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 671.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,149 shares of the company's stock after purchasing an additional 291,718 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.14% of Element Solutions worth $16,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ESI. Assetmark Inc. raised its position in shares of Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company's stock worth $27,000 after acquiring an additional 468 shares during the period. Los Angeles Capital Management LLC acquired a new position in Element Solutions during the fourth quarter worth $28,000. NewEdge Advisors LLC grew its position in shares of Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock valued at $32,000 after purchasing an additional 346 shares during the period. Johnson Financial Group Inc. acquired a new stake in Element Solutions in the 3rd quarter worth about $47,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Element Solutions during the 3rd quarter worth approximately $49,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. William Blair set a $48.00 price objective on Element Solutions in a research note on Friday. BMO Capital Markets reiterated an "outperform" rating on shares of Element Solutions in a research note on Tuesday, July 28th. Truist Financial increased their target price 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. Seaport Research Partners reaffirmed a "buy" rating and issued a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Finally, Mizuho restated a "neutral" rating and issued a $45.00 price target (down from $54.00) on shares of Element Solutions in a research note 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $44.00.

Element Solutions Stock Performance

NYSE:ESI opened at $34.93 on Friday. 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 firm has a 50-day moving average of $39.43 and a two-hundred day moving average of $38.32. The stock has a market cap of $8.51 billion, a P/E ratio of 47.20, a PEG ratio of 1.20 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 posted its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $873.19 million. During the same period in the prior year, the company posted $0.20 EPS. The business's revenue was up 56.4% compared to the same quarter last year. On average, research analysts expect that Element Solutions Inc. will post 1.81 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions's dividend payout ratio (DPR) is currently 43.24%.

Element Solutions 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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