Dimensional Fund Advisors LP Has $251.19 Million Stock Position in Element Solutions Inc (NYSE:ESI)

Dimensional Fund Advisors LP reduced its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,877,762 shares of the company's stock after selling 898,411 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.08% of Element Solutions worth $251,194,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC bought a new position in Element Solutions in the 4th quarter worth $27,000. First Horizon Advisors Inc. grew its position 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 purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Element Solutions in the fourth quarter worth about $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions during the 4th quarter worth about $48,000. Finally, UMB Bank n.a. boosted its stake in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after purchasing an additional 949 shares during the period. Institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

ESI traded up $1.34 during midday trading on Thursday, reaching $20.56. 4,803,481 shares of the company's stock were exchanged, compared to its average volume of 1,925,692. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $25.36. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a one year low of $16.77 and a one year high of $29.78.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.56%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. KeyCorp cut their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Finally, Barclays reduced their target price on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

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.