Jupiter Topco LLC Purchases Shares of 100,485 Element Solutions Inc. $ESI

Key Points

• Jupiter Topco LLC acquired 100,485 shares of Element Solutions in the second quarter, valued at approximately $4.8 million. Institutional investors and hedge funds collectively own 92.32% of the company.
• Element Solutions reported quarterly EPS of $0.47, beating estimates by $0.04, while revenue rose 56.4% year over year to $977.9 million.
• Analysts maintain a generally positive outlook, with the stock receiving an average “Buy” rating and a $44 price target. The company also declared a quarterly dividend of $0.08 per share, representing a 0.9% yield.

Jupiter Topco LLC acquired a new position in Element Solutions Inc. (NYSE:ESI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,485 shares of the company's stock, valued at approximately $4,798,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Element Solutions by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company's stock worth $63,077,000 after acquiring an additional 174,228 shares during the period. Hsbc Holdings PLC lifted its position in Element Solutions by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company's stock valued at $4,767,000 after purchasing an additional 59,154 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Element Solutions in the second quarter valued at $8,363,000. Jennison Associates LLC boosted its holdings in Element Solutions by 36.7% in the first quarter. Jennison Associates LLC now owns 2,977,958 shares of the company's stock valued at $101,667,000 after purchasing an additional 798,923 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Element Solutions by 2,818.0% during the 1st quarter. Fifth Third Bancorp now owns 68,543 shares of the company's stock worth $2,340,000 after purchasing an additional 66,194 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Up 1.9%

ESI opened at $35.59 on Tuesday. The company has a fifty day moving average of $39.16 and a two-hundred day moving average of $38.39. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 1.20 and a beta of 1.26. Element Solutions Inc. has a fifty-two week low of $22.86 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. 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 company's revenue for the quarter was up 56.4% on a year-over-year basis. On average, research analysts expect that Element Solutions Inc. will post 1.81 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared 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 of this dividend is Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Element Solutions's dividend payout ratio is presently 43.24%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ESI shares. BMO Capital Markets reissued an "outperform" rating on shares of Element Solutions in a report on Tuesday, July 28th. Seaport Research Partners reaffirmed a "buy" rating and set a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. William Blair set a $48.00 price target on Element Solutions in a research report on Friday. Wolfe Research set a $47.00 price target on Element Solutions in a report on Wednesday, July 29th. Finally, Mizuho restated a "neutral" rating and issued a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $44.00.

About Element Solutions

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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