117,418 Shares in Element Solutions Inc. $ESI Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new position in Element Solutions Inc. (NYSE:ESI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 117,418 shares of the company’s stock, valued at approximately $5,607,000.

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

Element Solutions Stock Performance

NYSE:ESI opened at $35.35 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. The stock has a 50-day simple moving average of $40.42 and a two-hundred day simple moving average of $38.16. The firm has a market capitalization of $8.61 billion, a PE ratio of 47.77, a P/E/G ratio of 1.22 and a beta of 1.26. Element Solutions Inc. has a 52-week low of $22.86 and a 52-week high of $49.25.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 56.4% compared to the same quarter last year. Analysts forecast that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ESI. 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 research 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 report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research report on Tuesday, July 28th. Wolfe Research set a $47.00 target price on shares of Element Solutions in a report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $43.50.

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.