Charles Schwab Investment Management Inc. raised its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,328,894 shares of the company's stock after acquiring an additional 29,253 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of Element Solutions worth $59,224,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of Element Solutions in the third quarter valued at $25,000. First Horizon Advisors Inc. grew its stake in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after buying an additional 971 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of Element Solutions in the fourth quarter valued at $43,000. Parkside Financial Bank & Trust bought a new position in shares of Element Solutions in the fourth quarter valued at $48,000. Finally, UMB Bank n.a. grew its stake in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is owned by institutional investors.
Element Solutions Stock Down 1.3 %
ESI opened at $25.16 on Thursday. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The company has a market capitalization of $6.10 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.30 and a beta of 1.29. The stock has a fifty day moving average of $25.70 and a 200-day moving average of $26.35.
Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share 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 company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. On average, equities analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.
Element Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, March 3rd. Element Solutions's dividend payout ratio is currently 31.37%.
Analyst Upgrades and Downgrades
ESI has been the subject of several analyst reports. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They issued a "hold" rating and a $28.00 target price for the company. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BMO Capital Markets lifted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Barclays reduced their price objective 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. Finally, Bank of America reaffirmed a "neutral" rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Element Solutions has an average rating of "Moderate Buy" and an average price target of $30.14.
View Our Latest Research Report on ESI
Element Solutions Profile
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Free Report)
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.
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