Element Solutions Inc (NYSE:ESI) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC grew its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,375 shares of the company's stock after acquiring an additional 31,381 shares during the quarter. Nebula Research & Development LLC's holdings in Element Solutions were worth $2,146,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions during the fourth quarter worth about $27,000. First Horizon Advisors Inc. lifted its holdings in shares of Element Solutions by 610.7% during 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 period. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the fourth quarter worth about $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions during the fourth quarter worth about $48,000. Finally, UMB Bank n.a. lifted its holdings in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ESI. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. BMO Capital Markets reduced their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday. UBS Group reduced their price target on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and reduced their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $26.38.

Element Solutions Price Performance

Shares of Element Solutions stock traded down $0.13 on Monday, reaching $20.07. The company's stock had a trading volume of 1,714,043 shares, compared to its average volume of 1,928,100. The company has a market capitalization of $4.87 billion, a P/E ratio of 19.68, a PEG ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78. The stock has a 50-day moving average price of $22.84 and a 200-day moving average price of $25.28. 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 issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, March 3rd. Element Solutions's payout ratio is 26.89%.

Insider Buying and Selling

In related 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 completion of the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is owned by company insiders.

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.