OneAscent Wealth Management LLC Invests $215,000 in Element Solutions Inc (NYSE:ESI)

OneAscent Wealth Management LLC bought a new position in shares of Element Solutions Inc (NYSE:ESI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,615 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Element Solutions by 4.8% in the third quarter. Vanguard Group Inc. now owns 22,719,174 shares of the company’s stock valued at $445,523,000 after acquiring an additional 1,035,756 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock valued at $108,390,000 after acquiring an additional 188,350 shares during the last quarter. Glenview Capital Management LLC lifted its holdings in Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock valued at $87,067,000 after acquiring an additional 979,798 shares during the last quarter. Locust Wood Capital Advisers LLC lifted its holdings in Element Solutions by 5.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company’s stock valued at $62,497,000 after acquiring an additional 150,567 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Element Solutions by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,168,978 shares of the company’s stock valued at $50,190,000 after acquiring an additional 65,894 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Up 1.0 %

Element Solutions stock opened at $27.12 on Friday. Element Solutions Inc has a twelve month low of $17.57 and a twelve month high of $27.86. The stock’s fifty day simple moving average is $24.66 and its 200-day simple moving average is $23.87. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $6.56 billion, a P/E ratio of 50.22, a P/E/G ratio of 1.32 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that Element Solutions Inc will post 1.43 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s dividend payout ratio is currently 59.26%.

Analysts Set New Price Targets

ESI has been the topic of a number of recent analyst reports. Mizuho upped their price objective on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. UBS Group boosted their target price on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. The Goldman Sachs Group boosted their target price on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

About Element Solutions

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.