William Blair Investment Management LLC Purchases Shares of 14,740 Element Solutions Inc. $ESI

William Blair Investment Management LLC purchased a new position in Element Solutions Inc. (NYSE:ESIFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,740 shares of the company’s stock, valued at approximately $704,000.

Several other institutional investors and hedge funds have also made changes to their positions in ESI. Assetmark Inc. raised its stake in Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Element Solutions during the 4th quarter valued at about $28,000. NewEdge Advisors LLC grew its stake in Element Solutions by 57.4% during the 1st 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 last quarter. Johnson Financial Group Inc. purchased a new stake in Element Solutions during the 3rd quarter valued at about $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Element Solutions in the third quarter valued at about $49,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial raised their price objective on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group upped their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Seaport Research Partners reissued a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, Wolfe Research set a $47.00 price objective on shares of Element Solutions in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Element Solutions presently has an average rating of “Buy” and an average price target of $43.50.

Check Out Our Latest Report on ESI

Element Solutions Stock Performance

Shares of ESI stock opened at $35.35 on Monday. Element Solutions Inc. has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.61 billion, a PE ratio of 47.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. The business has a 50-day simple moving average of $40.42 and a 200-day simple moving average of $38.16.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating 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 company had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. During the same period last year, the business earned $0.20 earnings per share. Element Solutions’s quarterly revenue was up 56.4% on a year-over-year basis. On average, equities analysts expect 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. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend 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%.

About Element Solutions

(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.

See Also

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

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