Massachusetts Financial Services Co. MA Purchases 124,226 Shares of Element Solutions Inc (NYSE:ESI)

Massachusetts Financial Services Co. MA raised its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,102,355 shares of the company's stock after purchasing an additional 124,226 shares during the period. Massachusetts Financial Services Co. MA owned 0.87% of Element Solutions worth $53,463,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions in the 4th quarter valued at about $27,000. First Horizon Advisors Inc. increased its position in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Element Solutions in the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust bought a new stake in Element Solutions during the fourth quarter valued at approximately $48,000. Finally, UMB Bank n.a. grew its stake in Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on 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 sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.90% of the company's stock.

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Element Solutions Stock Down 7.9 %

Shares of NYSE ESI traded down $1.54 during mid-day trading on Thursday, hitting $17.84. 952,637 shares of the stock traded hands, compared to its average volume of 1,791,019. Element Solutions Inc has a 52 week low of $16.77 and a 52 week high of $29.78. 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 stock has a fifty day moving average price of $24.46 and a 200-day moving average price of $25.90. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $598.24 million. Research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. Element Solutions's dividend payout ratio is currently 31.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America reissued a "neutral" rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. KeyCorp started coverage on shares of Element Solutions in a research report on Thursday, April 3rd. They set an "overweight" rating and a $29.00 price target on the stock. Barclays decreased their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, BMO Capital Markets upped their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.00.

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.