Boston Partners Buys New Shares in Element Solutions Inc (NYSE:ESI)

Boston Partners acquired a new stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 946,638 shares of the company's stock, valued at approximately $24,169,000. Boston Partners owned approximately 0.39% of Element Solutions as of its most recent SEC filing.

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

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Element Solutions Trading Down 2.7 %

Shares of ESI stock traded down $0.68 during trading hours on Tuesday, hitting $24.93. The company had a trading volume of 2,146,355 shares, compared to its average volume of 1,593,652. 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 stock has a market capitalization of $6.04 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company's fifty day moving average is $25.79 and its 200 day moving average is $26.34. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. Element Solutions's dividend payout ratio (DPR) is presently 31.37%.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company's stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price on the stock. Barclays dropped their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Element Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Element Solutions Company 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.