Legal & General Group Plc Has $6.50 Million Position in Element Solutions Inc (NYSE:ESI)

Legal & General Group Plc decreased its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 255,677 shares of the company's stock after selling 32,625 shares during the quarter. Legal & General Group Plc owned 0.11% of Element Solutions worth $6,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions during the fourth quarter valued at $27,000. First Horizon Advisors Inc. raised its holdings in 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 buying an additional 971 shares during the period. Trust Co. of Vermont purchased a new stake in Element Solutions during the fourth quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions in the fourth quarter worth about $48,000. Finally, UMB Bank n.a. increased its position in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after acquiring an additional 949 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.90% of the company's stock.

Element Solutions Stock Up 6.4 %

NYSE ESI traded up $1.22 during trading on Thursday, reaching $20.44. The company's stock had a trading volume of 1,252,568 shares, compared to its average volume of 1,910,769. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4.96 billion, a PE ratio of 19.98, a PEG ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The business has a 50-day moving average price of $23.07 and a 200-day moving average price of $25.36.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same quarter in the previous year, the business earned $0.34 EPS. On average, research analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, March 3rd. Element Solutions's payout ratio is 31.37%.

Analyst Ratings Changes

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

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.