Schroder Investment Management Group Has $45.49 Million Stake in Element Solutions Inc. $ESI

Schroder Investment Management Group grew its position in Element Solutions Inc. (NYSE:ESI) by 167.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,820,902 shares of the company’s stock after acquiring an additional 1,138,927 shares during the period. Schroder Investment Management Group’s holdings in Element Solutions were worth $45,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Elevation Point Wealth Partners LLC bought a new stake in Element Solutions during the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC raised its position in Element Solutions by 154.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after purchasing an additional 678 shares during the last quarter. First Horizon Advisors Inc. raised its position in Element Solutions by 710.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after purchasing an additional 1,129 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Element Solutions in the third quarter worth $41,000. Finally, SJS Investment Consulting Inc. boosted its stake in Element Solutions by 6,693.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock worth $50,000 after purchasing an additional 1,941 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $32.57 on Thursday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 41.23, a P/E/G ratio of 1.49 and a beta of 1.24. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year 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. The business has a 50-day moving average price of $30.86 and a two-hundred day moving average price of $27.66.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Equities analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 2nd. Element Solutions’s dividend payout ratio is currently 40.51%.

Insider Buying and Selling

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the completion of the transaction, the director directly owned 147,832 shares in the company, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. 6.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho raised their target price on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Bank of America increased their price objective on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Truist Financial raised their price objective on shares of Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $35.75.

About Element Solutions

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.