Element Solutions Inc (NYSE:ESI) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 108.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,360 shares of the company's stock after acquiring an additional 17,879 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Element Solutions were worth $874,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESI. True Wealth Design LLC acquired a new position in shares of Element Solutions during the third quarter valued at approximately $25,000. First Horizon Advisors Inc. raised its stake in Element Solutions by 610.7% in the 4th 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 purchased a new position in Element Solutions in the 4th quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new position in Element Solutions during the fourth quarter worth $48,000. Finally, UMB Bank n.a. boosted its position in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after buying an additional 949 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 4.5 %

Shares of ESI stock traded down $1.11 on Thursday, reaching $23.60. 6,807,221 shares of the stock were exchanged, compared to its average volume of 1,619,750. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.30 and a beta of 1.29. The business's 50 day moving average price is $25.77 and its 200 day moving average price is $26.33. 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 twelve month low of $22.97 and a twelve month high of $29.78.

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Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million during the quarter, compared to analysts' expectations of $598.24 million. As a group, sell-side analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.36%. Element Solutions's payout ratio is currently 31.37%.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 7.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ESI shares. Barclays decreased their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Truist Financial assumed coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They issued a "hold" rating and a $28.00 price objective for the company. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Bank of America reiterated a "neutral" rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

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.