Global Retirement Partners LLC Buys 10,480 Shares of Element Solutions Inc (NYSE:ESI)

Global Retirement Partners LLC increased its position in Element Solutions Inc (NYSE:ESI - Free Report) by 296.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,015 shares of the company's stock after buying an additional 10,480 shares during the period. Global Retirement Partners LLC's holdings in Element Solutions were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its stake in Element Solutions by 3.1% in the fourth quarter. Truist Financial Corp now owns 168,736 shares of the company's stock valued at $4,291,000 after acquiring an additional 5,052 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Element Solutions in the 4th quarter worth $395,000. Principal Financial Group Inc. lifted its holdings in shares of Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock worth $1,900,000 after purchasing an additional 11,702 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its position in Element Solutions by 2.3% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 173,546 shares of the company's stock valued at $4,413,000 after purchasing an additional 3,949 shares during the period. Finally, Principal Securities Inc. increased its stake in Element Solutions by 31.2% during the 4th quarter. Principal Securities Inc. now owns 29,217 shares of the company's stock valued at $743,000 after purchasing an additional 6,949 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ESI shares. StockNews.com upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a report on Monday. Bank of America reiterated a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Barclays dropped their target price on 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 initiated coverage on Element Solutions in a report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Element Solutions Stock Performance

NYSE ESI opened at $26.27 on Tuesday. 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 company has a market capitalization of $6.37 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. Element Solutions Inc has a 52-week low of $23.09 and a 52-week high of $29.78. The company has a 50-day simple moving average of $25.75 and a 200 day simple moving average of $26.37.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly 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, research analysts predict that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, March 3rd. Element Solutions's dividend payout ratio (DPR) is presently 31.37%.

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.

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