Bank Julius Baer & Co. Ltd Zurich Buys Shares of 3,317 Element Solutions Inc (NYSE:ESI)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its holdings in Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock valued at $1,698,000 after buying an additional 545 shares during the last quarter. Equitable Trust Co. grew its holdings in Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock valued at $867,000 after buying an additional 576 shares during the last quarter. Forte Capital LLC ADV grew its holdings in Element Solutions by 6.9% in the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock valued at $326,000 after buying an additional 830 shares during the last quarter. True Wealth Design LLC acquired a new stake in Element Solutions in the 3rd quarter valued at approximately $25,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Element Solutions by 77.5% in the 4th 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. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $25.55 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The company has a market capitalization of $6.19 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a one year low of $23.10 and a one year high of $29.78. The business has a 50 day simple moving average of $25.70 and a 200 day simple moving average of $26.36.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. On average, sell-side analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.25%. Element Solutions’s payout ratio is 31.37%.

Analyst Ratings Changes

A number of brokerages have commented on ESI. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, 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 report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.