Jefferies Financial Group Inc. Takes $359,000 Position in Element Solutions Inc. (NYSE:ESI)

Jefferies Financial Group Inc. purchased a new stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,871 shares of the company's stock, valued at approximately $359,000.

A number of other hedge funds also recently added to or reduced their stakes in ESI. Silvercrest Asset Management Group LLC increased its holdings in shares of Element Solutions by 3.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after purchasing an additional 146,570 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $90,456,000 after buying an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC increased its holdings in Element Solutions by 11.4% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after buying an additional 325,297 shares in the last quarter. Capital World Investors raised its position in Element Solutions by 5.4% in the 4th quarter. Capital World Investors now owns 2,783,935 shares of the company's stock worth $70,795,000 after buying an additional 142,295 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Element Solutions by 31.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,753,606 shares of the company's stock valued at $62,259,000 after acquiring an additional 651,251 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Price Performance

NYSE ESI opened at $23.60 on Friday. The business's fifty day moving average is $23.05 and its 200 day moving average is $23.11. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. The company has a market capitalization of $5.70 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $625.20 million for the quarter, compared to analysts' expectations of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Sell-side analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of research analyst reports. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. KeyCorp lifted their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their target price on shares of Element Solutions from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and dropped their price target for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. Finally, BMO Capital Markets reduced their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.38.

Element Solutions 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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