GW&K Investment Management LLC Raises Stock Position in Element Solutions Inc (NYSE:ESI)

GW&K Investment Management LLC grew its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,562,889 shares of the company's stock after purchasing an additional 19,962 shares during the quarter. GW&K Investment Management LLC owned approximately 1.06% of Element Solutions worth $65,174,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ESI. True Wealth Design LLC acquired a new stake in Element Solutions during the third quarter valued at $25,000. First Horizon Advisors Inc. boosted its stake in shares of Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after acquiring an additional 971 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. increased its stake in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after purchasing an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESI. BMO Capital Markets increased their price target on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. 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 target on the stock. Barclays reduced their price objective 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. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Bank of America restated 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. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

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Element Solutions Price Performance

Shares of NYSE:ESI traded down $0.79 during midday trading on Tuesday, hitting $24.61. The company's stock had a trading volume of 2,008,051 shares, compared to its average volume of 1,443,163. Element Solutions Inc has a 12-month low of $23.09 and a 12-month high of $29.78. The company has a market cap of $5.97 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. 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 business's 50 day simple moving average is $25.78 and its 200 day simple moving average is $26.39.

Element Solutions (NYSE:ESI - Get Free Report) last issued its 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 business had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. On average, analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions's dividend payout ratio (DPR) is currently 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.