American Century Companies Inc. Has $130.72 Million Holdings in Element Solutions Inc (NYSE:ESI)

American Century Companies Inc. reduced its position in Element Solutions Inc (NYSE:ESI - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,140,495 shares of the company's stock after selling 162,859 shares during the period. American Century Companies Inc. owned approximately 2.12% of Element Solutions worth $130,723,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of Element Solutions by 8.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,013 shares of the company's stock valued at $679,000 after buying an additional 1,902 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Element Solutions during the 3rd quarter valued at $495,000. Charles Schwab Investment Management Inc. grew its holdings in Element Solutions by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company's stock worth $62,458,000 after acquiring an additional 38,859 shares in the last quarter. Cerity Partners LLC increased its position in shares of Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company's stock worth $4,672,000 after purchasing an additional 49,466 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Element Solutions by 441.2% in the 3rd quarter. Algert Global LLC now owns 125,333 shares of the company's stock worth $3,404,000 after purchasing an additional 102,175 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently commented on ESI. Barclays decreased their price target on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 target price for the company. 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 shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Bank of America reissued a "neutral" rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the firm's 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 of the company's stock, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.90% of the stock is currently owned by insiders.

Element Solutions Price Performance

Element Solutions stock traded down $0.66 during midday trading on Tuesday, hitting $24.96. The company's stock had a trading volume of 1,124,103 shares, compared to its average volume of 2,712,533. Element Solutions Inc has a 12 month low of $23.10 and a 12 month high of $29.78. 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 stock's 50-day moving average price is $25.79 and its 200-day moving average price is $26.34. The company has a market capitalization of $6.05 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%. Analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date 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 is currently 31.37%.

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.