Impax Asset Management Group plc Increases Position in Element Solutions Inc (NYSE:ESI)

Impax Asset Management Group plc lifted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 641,946 shares of the company’s stock after acquiring an additional 80,000 shares during the quarter. Impax Asset Management Group plc owned 0.27% of Element Solutions worth $16,325,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ESI. True Wealth Design LLC bought a new position in Element Solutions in the 3rd quarter valued at $25,000. First Horizon Advisors Inc. boosted its holdings in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new position in Element Solutions during the fourth quarter valued at about $43,000. UMB Bank n.a. increased its holdings in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after buying an additional 949 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in Element Solutions by 77.5% in the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after acquiring an additional 911 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Price Performance

Shares of NYSE ESI opened at $26.27 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a fifty-two week low of $23.09 and a fifty-two week high of $29.78. The stock has a market cap of $6.37 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The stock has a fifty day moving average of $25.75 and a 200-day moving average of $26.37.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Equities research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analysts Forecast Growth

ESI has been the subject of a number of research reports. StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday. Barclays reduced their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Truist Financial started coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Finally, BMO Capital Markets boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

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.