NINE MASTS CAPITAL Ltd Buys Shares of 38,192 Element Solutions Inc (NYSE:ESI)

NINE MASTS CAPITAL Ltd bought a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,192 shares of the company's stock, valued at approximately $971,000.

Other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock valued at $132,468,000 after purchasing an additional 209,441 shares during the period. State Street Corp boosted its stake in Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company's stock valued at $117,320,000 after buying an additional 230,793 shares in the last quarter. Geode Capital Management LLC grew its position in Element Solutions by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company's stock valued at $96,216,000 after acquiring an additional 18,791 shares during the period. GW&K Investment Management LLC grew its position in Element Solutions by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company's stock valued at $65,174,000 after acquiring an additional 19,962 shares during the period. Finally, Ilex Capital Partners UK LLP raised its stake in Element Solutions by 162.7% during the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company's stock worth $67,085,000 after acquiring an additional 1,529,607 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Price Performance

Shares of ESI traded down $0.74 during mid-day trading on Monday, hitting $25.37. 1,305,879 shares of the company traded hands, compared to its average volume of 1,444,523. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.30 and a beta of 1.30. The business has a 50-day moving average of $25.78 and a 200 day moving average of $26.39. Element Solutions Inc has a one year low of $23.09 and a one year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced 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 firm 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 analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions's payout ratio is 31.37%.

Analysts Set New Price Targets

ESI has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Truist Financial began coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a "hold" rating and a $28.00 price objective on the stock. Barclays dropped their price objective on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. StockNews.com raised Element Solutions from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

Element Solutions Profile

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.