Element Solutions Inc (NYSE:ESI) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC boosted its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 385.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,677 shares of the company's stock after acquiring an additional 77,555 shares during the quarter. MML Investors Services LLC's holdings in Element Solutions were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ESI. Vanguard Group Inc. lifted its holdings in shares of Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock worth $132,468,000 after buying an additional 209,441 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after acquiring an additional 14,339 shares during the period. Locust Wood Capital Advisers LLC boosted its holdings in shares of Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock valued at $80,727,000 after acquiring an additional 325,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after acquiring an additional 1,301,602 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ESI has been the topic of a number of analyst reports. UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. KeyCorp dropped their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and reduced their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th. Barclays lowered their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Element Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $27.38.

Element Solutions Stock Performance

Shares of ESI opened at $20.24 on Monday. Element Solutions Inc has a 12-month low of $16.77 and a 12-month high of $29.78. The stock has a market cap of $4.91 billion, a P/E ratio of 19.84, a PEG ratio of 2.30 and a beta of 1.28. 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 50-day moving average of $22.84 and a two-hundred day moving average of $25.28.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. During the same period in the previous year, the firm posted $0.34 EPS. As a group, research analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio is presently 26.89%.

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.

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