Oak Thistle LLC Boosts Position in Element Solutions Inc. (NYSE:ESI)

Oak Thistle LLC boosted its position in Element Solutions Inc. (NYSE:ESI - Free Report) by 365.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,395 shares of the company's stock after purchasing an additional 104,758 shares during the period. Oak Thistle LLC owned 0.06% of Element Solutions worth $3,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after buying an additional 249,280 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position 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 valued at $127,825,000 after buying an additional 146,570 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Element Solutions by 0.4% in the 4th 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 grew its position in shares of 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 buying an additional 325,297 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 1,301,602 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ESI. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the company from $28.00 to $24.00 in a research note on Monday, April 14th. UBS Group boosted their price objective on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. KeyCorp boosted their price objective on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Mizuho boosted their price objective on Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.13.

Element Solutions Stock Performance

NYSE ESI traded down $0.51 on Thursday, hitting $23.70. 2,996,394 shares of the stock traded hands, compared to its average volume of 2,679,793. The business's fifty day moving average is $22.69 and its two-hundred day moving average is $23.26. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.77 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The business had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the company earned $0.34 earnings per share. Element Solutions's revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. Element Solutions's payout ratio is 26.89%.

About Element Solutions

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.