Jefferies Financial Group Inc. Invests $2.69 Million in Element Solutions Inc. $ESI

Jefferies Financial Group Inc. bought a new stake in Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,400 shares of the company’s stock, valued at approximately $2,693,000.

A number of other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in shares of Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock valued at $63,077,000 after buying an additional 174,228 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Element Solutions by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock worth $4,767,000 after acquiring an additional 59,154 shares in the last quarter. Jennison Associates LLC lifted its holdings in Element Solutions by 36.7% during the first quarter. Jennison Associates LLC now owns 2,977,958 shares of the company’s stock worth $101,667,000 after acquiring an additional 798,923 shares in the last quarter. Capital World Investors grew its stake in Element Solutions by 3.8% in the fourth quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock valued at $85,097,000 after acquiring an additional 123,244 shares during the period. Finally, Fifth Third Bancorp grew its stake in Element Solutions by 2,818.0% in the first quarter. Fifth Third Bancorp now owns 68,543 shares of the company’s stock valued at $2,340,000 after acquiring an additional 66,194 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Price Performance

Shares of NYSE ESI opened at $34.93 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The business has a 50-day moving average of $39.43 and a 200-day moving average of $38.32. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 1.26 and a beta of 1.26. Element Solutions Inc. has a fifty-two week low of $22.86 and a fifty-two week high of $49.25.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, sell-side analysts predict that Element Solutions Inc. will post 1.81 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ESI shares. Truist Financial lifted their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. William Blair set a $48.00 price objective on shares of Element Solutions in a report on Friday. Mizuho reaffirmed a “neutral” rating and issued a $45.00 target price (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.