Element Solutions Inc (NYSE:ESI) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,065,504 shares of the company's stock after purchasing an additional 19,055 shares during the quarter. Natixis Advisors LLC owned approximately 0.44% of Element Solutions worth $27,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ESI. Avantax Advisory Services Inc. boosted its holdings in shares of Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after acquiring an additional 430 shares during the period. Arizona State Retirement System raised its position in Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after purchasing an additional 545 shares during the last quarter. Equitable Trust Co. raised its position in Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after purchasing an additional 576 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Element Solutions by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock worth $169,000 after purchasing an additional 684 shares during the period. Finally, Forte Capital LLC ADV grew its position in Element Solutions by 6.9% during the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock worth $326,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

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Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction that occurred 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 owns 109,100 shares of the company's stock, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ESI. Bank of America reaffirmed a "neutral" rating and issued a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial assumed coverage on Element Solutions in a research report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price objective for the company. 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. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lifted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Four investment 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.com, Element Solutions currently has an average rating of "Moderate Buy" and an average target price of $30.14.

Element Solutions Price Performance

Shares of Element Solutions stock traded down $0.92 during trading on Friday, reaching $25.31. The company's stock had a trading volume of 43,400,879 shares, compared to its average volume of 1,616,457. The business has a 50 day moving average price of $25.78 and a 200-day moving average price of $26.34. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The company has a market capitalization of $6.14 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76.

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, meeting analysts' consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. As a group, sell-side analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's dividend payout ratio is currently 31.37%.

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.