Sigma Planning Corp Takes $1.19 Million Position in Element Solutions Inc. $ESI

Sigma Planning Corp bought a new position in Element Solutions Inc. (NYSE:ESIFree Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. raised its position in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC boosted its stake in shares of Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Element Solutions in the third quarter worth approximately $47,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Element Solutions in the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI stock opened at $34.30 on Wednesday. The stock has a fifty day moving average of $38.93 and a 200 day moving average of $38.41. Element Solutions Inc. has a 52 week low of $22.86 and a 52 week high of $49.25. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.23 and a beta of 1.26. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESIGet Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million for 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 quarterly revenue was up 56.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. As a group, research analysts expect that Element Solutions Inc. will post 1.8 earnings per share for the current year.

Element Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ESI. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. Bank of America began coverage on shares of Element Solutions in a report on Tuesday. They issued a “buy” rating and a $42.00 price target on the stock. Truist Financial boosted their price objective 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. William Blair set a $48.00 price objective on shares of Element Solutions in a research note on Friday. Finally, Weiss Ratings upgraded shares of Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Element Solutions presently has a consensus rating of “Buy” and an average price target of $45.00.

Read Our Latest Report on Element Solutions

Element Solutions Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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