Segall Bryant & Hamill LLC Buys 100,672 Shares of Element Solutions Inc (NYSE:ESI)

Segall Bryant & Hamill LLC lifted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100,853 shares of the company's stock after purchasing an additional 100,672 shares during the quarter. Element Solutions accounts for about 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 15th largest holding. Segall Bryant & Hamill LLC owned approximately 0.87% of Element Solutions worth $53,425,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of Element Solutions by 8.2% during the third quarter. Advisors Asset Management Inc. now owns 25,013 shares of the company's stock worth $679,000 after acquiring an additional 1,902 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Element Solutions by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company's stock worth $62,458,000 after purchasing an additional 38,859 shares during the period. Cerity Partners LLC lifted its stake in Element Solutions by 40.4% in the third 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. Algert Global LLC boosted its position in Element Solutions by 441.2% during the third quarter. Algert Global LLC now owns 125,333 shares of the company's stock valued at $3,404,000 after buying an additional 102,175 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Element Solutions by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 52,020 shares of the company's stock valued at $1,413,000 after buying an additional 1,137 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.90% of the stock is owned by insiders.

Analysts Set New Price Targets

ESI has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 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 report on Tuesday, January 14th. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, 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 report on Monday, January 27th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Element Solutions Trading Down 2.7 %

NYSE ESI traded down $0.65 during trading on Friday, hitting $22.96. The company had a trading volume of 2,691,842 shares, compared to its average volume of 1,691,909. The company's fifty day moving average is $25.67 and its 200-day moving average is $26.31. Element Solutions Inc has a one year low of $22.71 and a one year high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.39%. Element Solutions's dividend payout ratio is presently 31.37%.

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.