Bank Julius Baer & Co. Ltd Zurich Buys New Position in Element Solutions Inc (NYSE:ESI)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Element Solutions Inc (NYSE:ESI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,317 shares of the company’s stock, valued at approximately $93,000.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC bought a new position in Element Solutions during the third quarter valued at about $25,000. First Horizon Advisors Inc. boosted its stake in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after buying an additional 971 shares in the last quarter. Trust Co. of Vermont bought a new position in Element Solutions during the fourth quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions during the fourth quarter valued at $48,000. Finally, UMB Bank n.a. lifted its holdings in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of NYSE ESI opened at $25.55 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.30 and a beta of 1.29. The business’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $26.36. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio is 31.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays reduced their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Truist Financial initiated coverage on Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.