Element Solutions Inc (NYSE:ESI) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 1,078.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,803 shares of the company's stock after purchasing an additional 264,301 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.12% of Element Solutions worth $7,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Park Avenue Securities LLC grew its stake in Element Solutions by 79.0% during the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock valued at $1,541,000 after acquiring an additional 26,753 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Element Solutions during the fourth quarter worth approximately $423,000. Charles Schwab Investment Management Inc. boosted its stake in Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock worth $59,224,000 after buying an additional 29,253 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock valued at $1,900,000 after buying an additional 11,702 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Element Solutions in the 4th quarter worth $433,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

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Analysts Set New Price Targets

ESI has been the subject of a number of analyst reports. KeyCorp started coverage on shares of Element Solutions in a report on Thursday, April 3rd. They issued an "overweight" rating and a $29.00 price objective for the company. Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays reduced their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Element Solutions Stock Down 7.1 %

Shares of ESI traded down $1.38 during mid-day trading on Thursday, reaching $17.99. The company's stock had a trading volume of 1,154,973 shares, compared to its average volume of 1,791,760. 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 Inc has a 12-month low of $16.77 and a 12-month high of $29.78. The stock has a market cap of $4.36 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. The company's 50 day moving average is $24.46 and its 200 day moving average is $25.90.

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

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. 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 1.78%. Element Solutions's dividend payout ratio is presently 31.37%.

Insider Activity

In related news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction dated 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 owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 7.90% of the company's stock.

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.