Thrivent Financial for Lutherans Has $7.70 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Thrivent Financial for Lutherans cut its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,641 shares of the company's stock after selling 19,968 shares during the period. Thrivent Financial for Lutherans owned approximately 0.12% of Element Solutions worth $7,696,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Park Avenue Securities LLC lifted its position in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock worth $1,541,000 after purchasing an additional 26,753 shares during the period. Cerity Partners LLC raised its position in shares of Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company's stock valued at $4,672,000 after buying an additional 49,466 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Element Solutions by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock worth $59,224,000 after acquiring an additional 29,253 shares during the period. Principal Financial Group Inc. boosted its position in shares of Element Solutions by 18.6% during the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock worth $1,900,000 after acquiring an additional 11,702 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Element Solutions in the fourth quarter valued at approximately $433,000. 92.32% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have weighed in on ESI. Bank of America reaffirmed 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 cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 target price for the company. Barclays decreased 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. Finally, BMO Capital Markets increased their price objective 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. Four equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company's stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Element Solutions Trading Down 2.9 %

Shares of Element Solutions stock traded down $0.74 during midday trading on Tuesday, reaching $24.87. The company had a trading volume of 888,350 shares, compared to its average volume of 1,593,652. The stock has a fifty day moving average price of $25.79 and a 200 day moving average price of $26.34. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78. The firm has a market cap of $6.03 billion, a PE ratio of 24.41, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS 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 for the quarter, compared to analyst estimates of $598.24 million. On average, equities analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend 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.