Keybank National Association OH Purchases Shares of 11,613 Element Solutions Inc (NYSE:ESI)

Keybank National Association OH acquired a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,613 shares of the company's stock, valued at approximately $295,000.

Other large investors also recently bought and sold shares of the company. Equitable Trust Co. grew its position in shares of Element Solutions by 1.7% in the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after purchasing an additional 576 shares in the last quarter. Forte Capital LLC ADV grew its holdings in Element Solutions by 6.9% in the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock valued at $326,000 after buying an additional 830 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the 3rd quarter worth $25,000. Richardson Financial Services Inc. raised its holdings in shares of Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock worth $53,000 after acquiring an additional 911 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after acquiring an additional 949 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Down 0.1 %

NYSE:ESI traded down $0.03 on Wednesday, reaching $25.46. 1,528,575 shares of the company's stock were exchanged, compared to its average volume of 1,391,708. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $25.70 and a 200-day moving average of $26.36.

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

Element Solutions Announces Dividend

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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. Element Solutions's payout ratio is 31.37%.

Analyst Upgrades and Downgrades

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

Element Solutions 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.