Element Solutions Inc. $ESI Stock Holdings Lifted by Amundi

Key Points

• Amundi increased its Element Solutions stake by 237.6% in the first quarter, bringing its holdings to 130,230 shares worth approximately $4.45 million. Institutional investors collectively own 92.32% of the company.
• Element Solutions reported quarterly results that exceeded expectations, with EPS of $0.47 versus a $0.43 estimate and revenue of $977.9 million, up 56.4% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a consensus price target of $43.50; the company also pays a quarterly dividend of $0.08 per share.

Amundi lifted its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 237.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,230 shares of the company's stock after purchasing an additional 91,653 shares during the period. Amundi owned approximately 0.05% of Element Solutions worth $4,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT lifted its position in Element Solutions by 37.2% in the 4th quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company's stock worth $6,603,000 after buying an additional 71,686 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company's stock valued at $63,077,000 after purchasing an additional 174,228 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company's stock worth $4,767,000 after purchasing an additional 59,154 shares in the last quarter. Capital World Investors increased its position in Element Solutions by 3.8% during the fourth quarter. Capital World Investors now owns 3,405,232 shares of the company's stock worth $85,097,000 after buying an additional 123,244 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Element Solutions by 2,818.0% during the first quarter. Fifth Third Bancorp now owns 68,543 shares of the company's stock valued at $2,340,000 after buying an additional 66,194 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Up 0.4%

Shares of Element Solutions stock opened at $38.48 on Friday. Element Solutions Inc. has a 1 year low of $22.86 and a 1 year high of $49.25. The company's fifty day simple moving average is $41.34 and its 200-day simple moving average is $37.52. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 1.32 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly 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. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. During the same period in the prior year, the firm earned $0.20 EPS. The business's revenue was up 56.4% on a year-over-year basis. As a group, sell-side analysts expect that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Element Solutions's dividend payout ratio (DPR) is 43.24%.

Analysts Set New Price Targets

ESI has been the topic of a number of analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Element Solutions in a report on Tuesday, May 19th. Wall Street Zen raised Element Solutions from a "hold" rating to a "buy" rating in a research report on Monday, April 20th. Truist Financial increased their price target on Element Solutions from $47.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Seaport Research Partners reissued a "buy" rating and issued a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Element Solutions in a research note on Tuesday, July 28th. Three 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 stock. According to data from MarketBeat, Element Solutions currently has an average rating of "Buy" and a consensus price target of $43.50.

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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