MidFirst Bank Takes Position in Element Solutions Inc. $ESI

MidFirst Bank bought a new position in shares of Element Solutions Inc. (NYSE:ESI) during the 4th quarter, Holdings Channel.com reports. The firm bought 15,914 shares of the company’s stock, valued at approximately $398,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in shares of Element Solutions during the 4th quarter worth about $28,000. Community Bank N.A. acquired a new position in Element Solutions during the third quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in Element Solutions during the third quarter worth approximately $41,000. Johnson Financial Group Inc. acquired a new position in shares of Element Solutions in the 3rd quarter valued at $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Element Solutions in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ESI shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Truist Financial upped their price target on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $39.57.

Element Solutions Stock Up 0.1%

Shares of Element Solutions stock opened at $46.02 on Friday. The company has a fifty day moving average price of $41.44 and a 200 day moving average price of $34.09. 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 Inc. has a twelve month low of $21.28 and a twelve month high of $46.72. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.7%. Element Solutions’s payout ratio is 51.61%.

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.