Y Intercept Hong Kong Ltd Purchases 10,953 Shares of Element Solutions Inc (NYSE:ESI)

Y Intercept Hong Kong Ltd grew its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 57.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,004 shares of the company's stock after acquiring an additional 10,953 shares during the period. Y Intercept Hong Kong Ltd's holdings in Element Solutions were worth $763,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ESI. US Bancorp DE boosted its position in Element Solutions by 0.9% during the third quarter. US Bancorp DE now owns 46,005 shares of the company's stock worth $1,249,000 after purchasing an additional 417 shares during the period. Equitable Trust Co. grew its position in shares of Element Solutions by 1.7% during the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after purchasing an additional 576 shares in the last quarter. Forte Capital LLC ADV increased its holdings in shares of Element Solutions by 6.9% in the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock worth $326,000 after purchasing an additional 830 shares during the period. True Wealth Design LLC purchased a new stake in shares of Element Solutions in the third quarter worth $25,000. Finally, Richardson Financial Services Inc. lifted its position in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock valued at $53,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

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Analysts Set New Price Targets

ESI has been the topic of several research reports. Barclays lowered their price objective on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. BMO Capital Markets raised 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. Bank of America reiterated a "neutral" rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial initiated 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. Finally, StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Element Solutions Trading Down 1.5 %

ESI stock traded down $0.37 during midday trading on Tuesday, hitting $25.03. The company had a trading volume of 1,078,705 shares, compared to its average volume of 1,433,810. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 52 week low of $23.09 and a 52 week high of $29.78. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.30 and a beta of 1.30. The stock's 50 day moving average price is $25.78 and its 200 day moving average price is $26.39.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $624.20 million for the quarter, compared to the consensus estimate 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 research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions's payout ratio is 31.37%.

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.