Guggenheim Capital LLC Buys 16,731 Shares of Element Solutions Inc (NYSE:ESI)

Guggenheim Capital LLC boosted its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,498 shares of the company's stock after purchasing an additional 16,731 shares during the period. Guggenheim Capital LLC owned about 0.10% of Element Solutions worth $5,938,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its stake in 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 buying an additional 430 shares during the period. Arizona State Retirement System raised its position in Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after buying an additional 545 shares during the last quarter. Equitable Trust Co. raised its position in Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after buying an additional 576 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Element Solutions by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after purchasing an additional 684 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ESI has been the subject of several research analyst reports. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and decreased their target price for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. KeyCorp lowered their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays cut their target price on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. UBS Group lowered their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.88.

Element Solutions Price Performance

Element Solutions stock traded up $0.86 during midday trading on Wednesday, reaching $19.73. 1,435,797 shares of the stock were exchanged, compared to its average volume of 3,116,738. The company's fifty day moving average is $23.21 and its 200-day moving average is $25.40. 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 has a market cap of $4.78 billion, a PE ratio of 19.34, a PEG 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 released its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $598.24 million. On average, sell-side analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.62%. Element Solutions's dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's 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 completion of the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is currently owned by corporate insiders.

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.