Quinn Opportunity Partners LLC Makes New Investment in Element Solutions Inc (NYSE:ESI)

Quinn Opportunity Partners LLC bought a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,500 shares of the company's stock, valued at approximately $928,000.

Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its holdings in shares of Element Solutions by 4.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares during the period. Arizona State Retirement System grew its position in Element Solutions by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after buying an additional 545 shares in the last quarter. Equitable Trust Co. increased its stake in Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after acquiring an additional 576 shares during the period. Treasurer of the State of North Carolina raised its holdings in Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after acquiring an additional 610 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Element Solutions by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock worth $169,000 after acquiring an additional 684 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $29.00 to $24.00 in a research report on Tuesday. Barclays dropped their price objective on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. KeyCorp decreased their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Monday. Finally, BMO Capital Markets lifted their price objective on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.88.

Insider Transactions at Element Solutions

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 shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.90% of the stock is owned by company insiders.

Element Solutions Price Performance

Shares of ESI traded down $0.15 on Tuesday, hitting $18.73. The company's stock had a trading volume of 2,761,187 shares, compared to its average volume of 1,826,164. The company has a 50 day moving average price of $24.05 and a 200 day moving average price of $25.73. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a market capitalization of $4.54 billion, a PE ratio of 18.36, a PEG ratio of 2.30 and a beta of 1.28. 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 announced 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 company had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. On average, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio is presently 31.37%.

About Element Solutions

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.