JPMorgan Chase & Co. Has $102.48 Million Stock Holdings in Element Solutions Inc. $ESI

JPMorgan Chase & Co. increased its stake in Element Solutions Inc. (NYSE:ESI) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,071,434 shares of the company’s stock after acquiring an additional 562,205 shares during the quarter. JPMorgan Chase & Co. owned about 1.68% of Element Solutions worth $102,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Element Solutions by 154.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock worth $28,000 after purchasing an additional 678 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Element Solutions in the second quarter valued at $26,000. First Horizon Advisors Inc. boosted its position in Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after acquiring an additional 1,129 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Element Solutions by 6,693.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock worth $50,000 after acquiring an additional 1,941 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of Element Solutions in the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group raised their price objective on shares of Element Solutions from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday. KeyCorp increased their target price on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Bank of America lifted their price target on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $34.50.

Insider Buying and Selling

In other news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares of the company’s stock, valued at $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.90% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $35.45 on Monday. The company has a market cap of $8.63 billion, a P/E ratio of 44.87, a PEG ratio of 1.47 and a beta of 1.28. The company has a fifty day simple moving average of $28.63 and a 200 day simple moving average of $26.83. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $36.38.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Sell-side analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Element Solutions’s payout ratio is 40.51%.

Element Solutions Profile

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.