20,200 Shares in Element Solutions Inc. $ESI Acquired by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions LLC has taken a new position in Element Solutions Inc. by purchasing 20,200 shares valued at approximately $457,000.
• Element Solutions has recently declared a quarterly dividend of $0.08, translating to an annualized dividend of $0.32 and a yield of 1.3%.
• Wall Street analysts have given Element Solutions an average rating of "Moderate Buy", with a consensus target price of $27.38.

OneAscent Investment Solutions LLC acquired a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,200 shares of the company's stock, valued at approximately $457,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Element Solutions in the fourth quarter valued at about $28,000. Eagle Bay Advisors LLC boosted its position in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock valued at $52,000 after acquiring an additional 2,060 shares during the period. Covestor Ltd boosted its position in shares of Element Solutions by 311.3% in the first quarter. Covestor Ltd now owns 3,126 shares of the company's stock valued at $71,000 after acquiring an additional 2,366 shares during the period. Wells Fargo & Company MN boosted its position in shares of Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock valued at $88,000 after acquiring an additional 1,739 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Element Solutions by 1,707.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 8,512 shares of the company's stock valued at $192,000 after acquiring an additional 8,041 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

ESI traded down $0.0550 during trading on Tuesday, reaching $24.9550. The company's stock had a trading volume of 664,939 shares, compared to its average volume of 2,580,963. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. The company's fifty day moving average price is $23.50 and its 200-day moving average price is $23.02. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10.

Element Solutions (NYSE:ESI - Get Free Report) last announced 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. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The company had revenue of $625.20 million for the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the previous year, the company earned $0.36 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 32.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ESI. KeyCorp boosted their price target on Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Mizuho boosted their price target on Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. UBS Group boosted their target price on Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets lowered their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "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.