Sequoia Financial Advisors LLC lifted its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 119.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,828 shares of the company's stock after buying an additional 51,084 shares during the period. Sequoia Financial Advisors LLC's holdings in Element Solutions were worth $2,386,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. MQS Management LLC raised its position in shares of Element Solutions by 38.6% in the 3rd quarter. MQS Management LLC now owns 10,566 shares of the company's stock valued at $287,000 after purchasing an additional 2,945 shares in the last quarter. KBC Group NV raised its holdings in Element Solutions by 16.7% in the third quarter. KBC Group NV now owns 6,901 shares of the company's stock valued at $187,000 after acquiring an additional 987 shares in the last quarter. Chesapeake Capital Corp IL raised its holdings in Element Solutions by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 21,319 shares of the company's stock valued at $576,000 after acquiring an additional 4,651 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Element Solutions by 209.3% in the third quarter. Thrivent Financial for Lutherans now owns 321,609 shares of the company's stock valued at $8,736,000 after acquiring an additional 217,624 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in Element Solutions by 1,461.1% in the third quarter. Quest Partners LLC now owns 50,487 shares of the company's stock valued at $1,371,000 after acquiring an additional 47,253 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.
Element Solutions Price Performance
ESI traded down $0.09 on Wednesday, reaching $26.23. The company had a trading volume of 5,030,449 shares, compared to its average volume of 1,439,984. The company has a fifty day moving average of $25.75 and a 200-day moving average of $26.35. The company has a market capitalization of $6.36 billion, a P/E ratio of 25.72, a PEG ratio of 2.30 and a beta of 1.29. 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 one year low of $23.10 and a one year high of $29.78.
Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.
Element Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Monday, March 3rd. Element Solutions's payout ratio is 31.37%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ESI shares. Bank of America reaffirmed a "neutral" rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial started coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 price target on the stock. Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Four investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.
Check Out Our Latest Report on Element Solutions
About Element Solutions
(
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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