Homestead Advisers Corp Purchases New Position in Element Solutions Inc (NYSE:ESI)

Homestead Advisers Corp bought a new stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 70,400 shares of the company's stock, valued at approximately $1,790,000.

Other large investors have also recently bought and sold shares of the company. Ilex Capital Partners UK LLP boosted its holdings in shares of Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company's stock valued at $67,085,000 after acquiring an additional 1,529,607 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company's stock worth $43,983,000 after purchasing an additional 1,369,981 shares during the period. Boston Partners bought a new position in Element Solutions during the 4th quarter valued at $24,169,000. Appian Way Asset Management LP acquired a new position in shares of Element Solutions during the 3rd quarter valued at $14,553,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Element Solutions during the 4th quarter valued at $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Trading Down 2.7 %

Element Solutions stock traded down $0.65 during midday trading on Friday, reaching $22.96. The stock had a trading volume of 2,691,842 shares, compared to its average volume of 1,691,909. Element Solutions Inc has a twelve month low of $22.71 and a twelve month high of $29.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.30 and a beta of 1.29. The firm's fifty day simple moving average is $25.67 and its two-hundred day simple moving average is $26.31.

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Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million during the quarter, compared to analysts' expectations 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued 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 dividend yield of 1.39%. Element Solutions's dividend payout ratio is 31.37%.

Insider Transactions 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 that occurred 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 transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays decreased their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Truist Financial initiated coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price objective for the company. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. BMO Capital Markets raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Finally, Bank of America restated a "neutral" rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

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.