Magnetar Financial LLC Invests $258,000 in Element Solutions Inc (NYSE:ESI)

Magnetar Financial LLC acquired a new stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,144 shares of the company's stock, valued at approximately $258,000.

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Element Solutions by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock valued at $132,468,000 after purchasing an additional 209,441 shares in the last quarter. State Street Corp increased its stake in Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company's stock valued at $117,320,000 after buying an additional 230,793 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Element Solutions by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company's stock worth $96,216,000 after buying an additional 18,791 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Element Solutions by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company's stock worth $65,174,000 after buying an additional 19,962 shares during the last quarter. Finally, Ilex Capital Partners UK LLP grew 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. 92.32% of the stock is owned by hedge funds and other institutional investors.

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Element Solutions Stock Performance

Shares of NYSE:ESI traded down $1.11 during trading on Thursday, hitting $23.60. 6,807,221 shares of the company were exchanged, compared to its average volume of 1,619,750. Element Solutions Inc has a 52-week low of $22.97 and a 52-week high of $29.78. The stock has a 50 day moving average of $25.77 and a 200 day moving average of $26.33. 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 company has a market cap of $5.72 billion, a PE ratio of 23.14, a P/E/G ratio of 2.30 and a beta of 1.29.

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 the consensus estimate of $598.24 million. As a group, equities research analysts predict that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's dividend payout ratio is presently 31.37%.

Analyst Ratings Changes

ESI has been the topic of a number of recent analyst reports. Truist Financial started coverage on Element Solutions in a report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price target on the stock. Barclays reduced their price target 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. BMO Capital Markets lifted 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. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Bank of America reiterated a "neutral" rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Four research 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's stock. According to MarketBeat, Element Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Insider Buying and Selling at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the transaction, the director now directly owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company's stock.

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.