Sei Investments Co. Grows Stock Holdings in Element Solutions Inc. $ESI

Key Points

• Sei Investments increased its Element Solutions stake by 42.3% in the first quarter, bringing its holdings to 802,633 shares valued at approximately $27.4 million. Institutional investors collectively own 92.32% of the company.
• Element Solutions reported quarterly EPS of $0.47, exceeding the $0.43 consensus estimate, while revenue rose 56.4% year over year to $977.9 million.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus “Buy” rating and an average price target of $43.00. The company also pays a quarterly dividend of $0.08, representing a 0.8% yield.

Sei Investments Co. raised its holdings in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 42.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 802,633 shares of the company's stock after purchasing an additional 238,727 shares during the quarter. Sei Investments Co. owned 0.33% of Element Solutions worth $27,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Element Solutions by 339.3% in the 1st quarter. Millennium Management LLC now owns 446,622 shares of the company's stock worth $10,098,000 after buying an additional 344,950 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Element Solutions by 60.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company's stock valued at $42,825,000 after acquiring an additional 712,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Element Solutions by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company's stock valued at $19,726,000 after acquiring an additional 37,204 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Element Solutions in the 1st quarter valued at about $400,000. Finally, Amundi grew its position in Element Solutions by 258,233.3% in the second quarter. Amundi now owns 93,000 shares of the company's stock worth $2,237,000 after acquiring an additional 92,964 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $37.83 on Tuesday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 1.30 and a beta of 1.23. Element Solutions Inc. has a 12 month low of $22.63 and a 12 month high of $49.25. The firm's 50-day moving average is $42.00 and its 200 day moving average is $37.03. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm's quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Research analysts predict that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Element Solutions's dividend payout ratio is presently 51.61%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ESI. UBS Group boosted their price objective on Element Solutions to $52.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. BMO Capital Markets lifted their target price on Element Solutions from $45.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Truist Financial boosted their target price on Element Solutions from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Seaport Research Partners restated a "buy" rating and set a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Element Solutions in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Element Solutions presently has an average rating of "Buy" and a consensus price target of $43.00.

Element Solutions Profile

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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