London Co. of Virginia Increases Stock Position in Element Solutions Inc. $ESI

London Co. of Virginia raised its stake in Element Solutions Inc. (NYSE:ESI) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315,471 shares of the company’s stock after acquiring an additional 30,140 shares during the period. London Co. of Virginia owned 0.54% of Element Solutions worth $33,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Element Solutions by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after purchasing an additional 139,751 shares during the last quarter. Invesco Ltd. grew its stake in Element Solutions by 68.6% during the 3rd quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock worth $123,905,000 after buying an additional 2,003,724 shares during the last quarter. Locust Wood Capital Advisers LLC grew its stake in Element Solutions by 9.6% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 4,722,464 shares of the company’s stock worth $118,864,000 after buying an additional 413,834 shares during the last quarter. Ilex Capital Partners UK LLP increased its position in Element Solutions by 61.7% during the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after buying an additional 1,777,265 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Element Solutions by 3.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,426,445 shares of the company’s stock valued at $111,414,000 after buying an additional 129,590 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $31.33 on Tuesday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 1.42 and a beta of 1.23. The business’s 50 day moving average is $31.16 and its two-hundred day moving average is $27.78. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $37.74. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The business had revenue of $676.20 million during the quarter, compared to analysts’ expectations of $632.40 million. During the same period last year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. Element Solutions’s dividend payout ratio (DPR) is 40.51%.

Insider Buying and Selling

In other Element Solutions news, Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the sale, the director directly owned 147,832 shares in the company, valued at approximately $5,250,992.64. The trade was a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ESI shares. Mizuho increased their price objective on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Bank of America lifted their target price on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. UBS Group increased their price target on shares of Element Solutions from $34.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price objective on shares of Element Solutions in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $35.75.

Element Solutions Company 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.