Element Solutions Inc (NYSE:ESI) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Element Solutions Inc (NYSE:ESI - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 976,974 shares of the company's stock after buying an additional 277,873 shares during the quarter. Envestnet Asset Management Inc. owned 0.40% of Element Solutions worth $24,844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in shares of Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after purchasing an additional 430 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after purchasing an additional 545 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock worth $867,000 after buying an additional 576 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Element Solutions by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after buying an additional 684 shares during the last quarter. Finally, Forte Capital LLC ADV lifted its stake in shares of Element Solutions by 6.9% during the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock valued at $326,000 after buying an additional 830 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

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Insider Transactions 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 on 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 completion of the sale, the director now owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.90% of the company's stock.

Element Solutions Stock Down 0.8 %

Shares of NYSE:ESI traded down $0.15 during midday trading on Tuesday, hitting $18.73. 2,761,187 shares of the company's stock traded hands, compared to its average volume of 1,826,164. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a market cap of $4.54 billion, a PE ratio of 18.36, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The firm's fifty day moving average price is $24.05 and its two-hundred day moving average price is $25.73.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 14.68% and a net margin of 9.94%. On average, equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio (DPR) is currently 31.37%.

Analysts Set New Price Targets

ESI has been the subject of several analyst reports. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. BMO Capital Markets increased their target price on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. KeyCorp dropped their price objective 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. Barclays cut their price objective 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, Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.88.

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.