Simon Quick Advisors LLC Grows Holdings in Element Solutions Inc. $ESI

Simon Quick Advisors LLC increased its holdings in Element Solutions Inc. (NYSE:ESI) by 15.1% in the 2nd quarter, Holdings Channel reports. The fund owned 16,614 shares of the company’s stock after buying an additional 2,182 shares during the quarter. Simon Quick Advisors LLC’s holdings in Element Solutions were worth $376,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in shares of Element Solutions by 1.2% in the 1st quarter. Mackenzie Financial Corp now owns 45,210 shares of the company’s stock worth $1,022,000 after acquiring an additional 529 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Element Solutions by 0.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 76,026 shares of the company’s stock worth $1,722,000 after acquiring an additional 619 shares in the last quarter. KBC Group NV increased its stake in shares of Element Solutions by 7.1% in the 1st quarter. KBC Group NV now owns 10,319 shares of the company’s stock worth $233,000 after acquiring an additional 681 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Element Solutions by 1.0% in the 2nd quarter. Yousif Capital Management LLC now owns 83,682 shares of the company’s stock worth $1,895,000 after acquiring an additional 828 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Element Solutions by 1.9% in the 1st quarter. KLP Kapitalforvaltning AS now owns 47,900 shares of the company’s stock worth $1,083,000 after acquiring an additional 900 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Performance

Shares of ESI stock opened at $26.71 on Monday. The company’s 50-day moving average is $25.91 and its 200 day moving average is $23.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.30 and a current ratio of 4.05. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $656.10 million for the quarter, compared to the consensus estimate of $645.13 million. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Sell-side analysts expect that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analyst Weigh In

ESI has been the subject of several research reports. Mizuho set a $30.00 price target on shares of Element Solutions in a research note on Wednesday. Truist Financial increased their price objective on shares of Element Solutions from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of Element Solutions in a research report on Tuesday, July 15th. UBS Group increased their price objective on shares of Element Solutions from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America increased their price objective on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $30.25.

Insider Activity

In other news, EVP Matthew Liebowitz sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $26.55, for a total transaction of $1,327,500.00. Following the sale, the executive vice president owned 57,353 shares of the company’s stock, valued at $1,522,722.15. This trade represents a 46.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Edward Capps sold 77,674 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $26.77, for a total transaction of $2,079,332.98. Following the sale, the executive vice president directly owned 609,790 shares in the company, valued at approximately $16,324,078.30. The trade was a 11.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,399 shares of company stock valued at $4,492,561 in the last 90 days. 6.90% of the stock is currently owned by insiders.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.