Alliancebernstein L.P. Has $157.27 Million Position in Element Solutions Inc (NYSE:ESI)

Alliancebernstein L.P. lowered its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,184,362 shares of the company's stock after selling 1,125,837 shares during the quarter. Alliancebernstein L.P. owned about 2.55% of Element Solutions worth $157,268,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of Element Solutions in the third quarter valued at $25,000. TD Private Client Wealth LLC acquired a new position in shares of Element Solutions in the 4th quarter valued at $27,000. First Horizon Advisors Inc. lifted its holdings in shares of Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the 4th quarter valued at about $43,000. Finally, Parkside Financial Bank & Trust bought a new stake in Element Solutions in the fourth quarter valued at about $48,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.90% of the company's stock.

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Element Solutions Trading Down 9.4 %

NYSE:ESI traded down $1.89 during trading hours on Friday, hitting $18.24. 4,671,370 shares of the stock were exchanged, compared to its average volume of 1,733,428. The company has a market capitalization of $4.42 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $25.18 and its two-hundred day moving average is $26.16. Element Solutions Inc has a twelve month low of $17.72 and a twelve month 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, hitting analysts' consensus estimates 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 analyst estimates of $598.24 million. On average, sell-side analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.75%. Element Solutions's dividend payout ratio is currently 31.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ESI shares. Truist Financial started coverage on Element Solutions in a report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price objective on the stock. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. KeyCorp began coverage on Element Solutions in a research note on Thursday. They set an "overweight" rating and a $29.00 price objective for the company. Bank of America restated a "neutral" rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Finally, Barclays dropped their target price on shares of 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 issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.00.

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.