Proficio Capital Partners LLC acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,631 shares of the company's stock, valued at approximately $423,000.
Other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Element Solutions by 8.7% during the third quarter. QRG Capital Management Inc. now owns 12,377 shares of the company's stock worth $336,000 after purchasing an additional 988 shares during the period. WCM Investment Management LLC increased its stake in Element Solutions by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company's stock worth $50,173,000 after buying an additional 41,309 shares during the period. MQS Management LLC increased its stake in Element Solutions by 38.6% during the 3rd quarter. MQS Management LLC now owns 10,566 shares of the company's stock worth $287,000 after buying an additional 2,945 shares during the period. KBC Group NV lifted its holdings in Element Solutions by 16.7% during the 3rd quarter. KBC Group NV now owns 6,901 shares of the company's stock worth $187,000 after buying an additional 987 shares in the last quarter. Finally, Chesapeake Capital Corp IL boosted its position in Element Solutions by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 21,319 shares of the company's stock valued at $576,000 after buying an additional 4,651 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on ESI shares. Barclays cut their price objective on Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Truist Financial initiated 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. 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. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.14.
View Our Latest Research Report on ESI
Element Solutions Stock Down 0.4 %
Shares of NYSE ESI traded down $0.11 during midday trading on Wednesday, hitting $25.37. 1,423,172 shares of the company's stock were exchanged, compared to its average volume of 1,391,234. The firm's fifty day simple moving average is $25.70 and its 200-day simple moving average is $26.36. The company has a market cap of $6.15 billion, a PE ratio of 24.91, a P/E/G ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a twelve month low of $23.10 and a twelve month high of $29.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Research analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.
Element Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions's dividend payout ratio (DPR) is presently 31.37%.
Element Solutions Profile
(
Free Report)
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.
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