104,900 Shares in Element Solutions Inc. (NYSE:ESI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 104,900 shares of the company's stock, valued at approximately $2,372,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Element Solutions by 3.0% during the fourth 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 during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $90,456,000 after purchasing an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC increased its position 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 valued at $80,727,000 after acquiring an additional 325,297 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after acquiring an additional 1,301,602 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ESI. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a report on Monday, April 14th. UBS Group boosted their price target on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays cut their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group restated a "neutral" rating and set a $27.00 price objective (up from $24.00) on shares of Element Solutions in a report on Tuesday. Finally, KeyCorp upped their price objective on Element Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.13.

Element Solutions Stock Down 0.5%

NYSE:ESI traded down $0.12 on Friday, reaching $24.58. The stock had a trading volume of 532,930 shares, compared to its average volume of 2,031,501. The stock has a market cap of $5.96 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The company has a 50-day moving average of $22.51 and a 200 day moving average of $23.29. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. On average, research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.30%. Element Solutions's dividend payout ratio (DPR) is 26.89%.

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.