Element Solutions Inc. $ESI Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Element Solutions Inc. (NYSE:ESI) by 50.4% in the second quarter, Holdings Channel reports. The fund owned 224,679 shares of the company’s stock after buying an additional 75,279 shares during the quarter. Squarepoint Ops LLC’s holdings in Element Solutions were worth $10,728,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ESI. Arizona State Retirement System boosted its stake in shares of Element Solutions by 1.1% in the second quarter. Arizona State Retirement System now owns 63,854 shares of the company’s stock valued at $3,049,000 after purchasing an additional 688 shares during the period. Nykredit A S purchased a new stake in Element Solutions during the 2nd quarter worth $374,000. Corient Private Wealth LP lifted its holdings in Element Solutions by 1.4% in the 2nd quarter. Corient Private Wealth LP now owns 413,009 shares of the company’s stock worth $19,721,000 after buying an additional 5,787 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Element Solutions by 13.3% in the 2nd quarter. HighTower Advisors LLC now owns 20,107 shares of the company’s stock worth $960,000 after buying an additional 2,358 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Element Solutions in the 2nd quarter valued at about $788,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 1.1%

Shares of Element Solutions stock opened at $35.81 on Thursday. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 1.34 and a beta of 1.26. Element Solutions Inc. has a twelve month low of $22.86 and a twelve month high of $49.25. The business’s 50 day simple moving average is $37.61 and its 200-day simple moving average is $38.51.

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

Element Solutions Announces Dividend

The firm also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s payout ratio is 43.24%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wolfe Research set a $47.00 price target on Element Solutions in a report on Wednesday, July 29th. Truist Financial upped their target price on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Jefferies Financial Group began coverage on shares of Element Solutions in a report on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, William Blair set a $48.00 price objective on shares of Element Solutions in a research note on Friday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $46.00.

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.