FIL Ltd Takes Position in Element Solutions Inc (NYSE:ESI)

FIL Ltd acquired a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,172,550 shares of the company's stock, valued at approximately $29,818,000. FIL Ltd owned approximately 0.48% of Element Solutions as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock valued at $132,468,000 after buying an additional 209,441 shares during the last quarter. State Street Corp raised its holdings in Element Solutions by 5.6% during the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company's stock worth $117,320,000 after buying an additional 230,793 shares during the period. Geode Capital Management LLC raised its holdings in shares of Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock valued at $90,456,000 after purchasing an additional 14,339 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Element Solutions by 80.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after acquiring an additional 1,301,602 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.

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Insider Transactions at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the firm'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 sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ESI. 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. Truist Financial upgraded 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. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BMO Capital Markets upped 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. Finally, Barclays decreased their price objective on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Element Solutions has an average rating of "Moderate Buy" and an average price target of $29.38.

Element Solutions Trading Up 3.3 %

Shares of ESI traded up $0.61 during midday trading on Monday, hitting $18.86. 3,524,214 shares of the stock were exchanged, compared to its average volume of 1,819,482. 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 stock has a fifty day simple moving average of $24.18 and a 200 day simple moving average of $25.78. The firm has a market cap of $4.57 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. On average, research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given 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 dividend yield of 1.70%. Element Solutions's payout ratio is presently 31.37%.

Element Solutions Company 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.