Quantbot Technologies LP trimmed its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,092 shares of the company's stock after selling 30,178 shares during the period. Quantbot Technologies LP's holdings in Element Solutions were worth $1,376,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of ESI. TD Private Client Wealth LLC purchased a new position in Element Solutions in the fourth quarter valued at about $27,000. Magnetar Financial LLC acquired a new position in Element Solutions in the fourth quarter worth approximately $258,000. Xponance Inc. increased its holdings in Element Solutions by 25.7% in the fourth quarter. Xponance Inc. now owns 10,607 shares of the company's stock worth $270,000 after buying an additional 2,168 shares during the last quarter. Boston Partners bought a new position in shares of Element Solutions during the 4th quarter valued at $24,169,000. Finally, Royce & Associates LP lifted its position in shares of Element Solutions by 1.7% in the fourth quarter. Royce & Associates LP now owns 2,440,533 shares of the company's stock worth $62,063,000 after buying an additional 41,312 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on ESI. Truist Financial initiated coverage on Element Solutions in a report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 price target for the company. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BMO Capital Markets boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Bank of America reissued a "neutral" rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.14.
Read Our Latest Analysis on Element Solutions
Element Solutions Stock Down 2.7 %
NYSE ESI traded down $0.68 during trading hours on Tuesday, reaching $24.93. 2,146,355 shares of the company's stock were exchanged, compared to its average volume of 1,596,352. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company's 50-day moving average is $25.79 and its two-hundred day moving average is $26.34. Element Solutions Inc has a one year low of $23.10 and a one year 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.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. On average, analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.28%. Element Solutions's payout ratio is currently 31.37%.
Insider Activity at Element Solutions
In related news, Director Martin E. Franklin sold 2,000,000 shares of the 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. This represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.90% of the stock is currently owned by corporate insiders.
About Element Solutions
(
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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