Senator Investment Group LP Makes New $34.62 Million Investment in Element Solutions Inc. $ESI

Senator Investment Group LP acquired a new stake in shares of Element Solutions Inc. (NYSE:ESI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 725,000 shares of the company’s stock, valued at approximately $34,619,000. Senator Investment Group LP owned 0.30% of Element Solutions at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Element Solutions by 16.4% during the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock valued at $61,000 after purchasing an additional 345 shares during the last quarter. NewEdge Advisors LLC lifted its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after buying an additional 346 shares during the last quarter. MML Investors Services LLC lifted its position in Element Solutions by 0.3% in the fourth quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 3.8% during the first quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after buying an additional 385 shares during the period. Finally, Quarry LP boosted its stake in Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

ESI stock opened at $34.93 on Monday. Element Solutions Inc. has a twelve month low of $22.86 and a twelve month high of $49.25. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 1.20 and a beta of 1.26. The business’s fifty day simple moving average is $39.43 and its two-hundred day simple moving average is $38.37. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business’s revenue was up 56.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. Analysts predict that Element Solutions Inc. will post 1.81 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Truist Financial upped their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Wolfe Research set a $47.00 price objective on shares of Element Solutions in a research report on Wednesday, July 29th. Finally, Mizuho reissued a “neutral” rating and issued a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Element Solutions has an average rating of “Buy” and an average target price of $44.00.

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.