Russell Investments Group Ltd. Has $6.75 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Russell Investments Group Ltd. cut its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,423 shares of the company's stock after selling 34,570 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Element Solutions worth $6,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions during the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new position in Element Solutions during the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust bought a new position in Element Solutions during the fourth quarter valued at approximately $48,000. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Insider Activity at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was 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 directly owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on ESI shares. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their price target for the company from $28.00 to $24.00 in a report on Monday. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. KeyCorp decreased their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday. Bank of America raised 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 report on Tuesday. Finally, Barclays reduced their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. 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 stock. According to MarketBeat, Element Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

Element Solutions Stock Performance

NYSE:ESI traded down $0.15 during mid-day trading on Tuesday, hitting $18.73. 2,761,187 shares of the company's stock traded hands, compared to its average volume of 1,826,164. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $24.05 and a two-hundred day moving average of $25.73. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 12 month low of $16.77 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's dividend payout ratio is currently 31.37%.

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.