Royce & Associates LP Has $62.06 Million Position in Element Solutions Inc (NYSE:ESI)

Royce & Associates LP grew its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,440,533 shares of the company's stock after acquiring an additional 41,312 shares during the quarter. Element Solutions accounts for 0.6% of Royce & Associates LP's holdings, making the stock its 27th biggest position. Royce & Associates LP owned approximately 1.01% of Element Solutions worth $62,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Element Solutions during the third quarter worth about $25,000. First Horizon Advisors Inc. increased its position in shares of Element Solutions by 610.7% during the 4th 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 last quarter. Trust Co. of Vermont bought a new stake in shares of Element Solutions during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the 4th quarter valued at approximately $48,000. Finally, UMB Bank n.a. grew its stake in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Shares of Element Solutions stock traded up $0.07 on Thursday, hitting $26.25. The stock had a trading volume of 3,492,038 shares, compared to its average volume of 1,448,621. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 25.74, 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 Inc has a twelve month low of $23.10 and a twelve month high of $29.78. The business's 50 day moving average is $25.76 and its two-hundred day moving average is $26.35.

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Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's dividend payout ratio is 31.37%.

Analysts Set New Price Targets

Several analysts have issued reports on ESI shares. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. BMO Capital Markets upped 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. Barclays cut their target price 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. Bank of America reissued a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.14.

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.