Sanctuary Advisors LLC Makes New Investment in Element Solutions Inc (NYSE:ESI)

Sanctuary Advisors LLC acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,317 shares of the company's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ESI. True Wealth Design LLC bought a new position in Element Solutions in the 3rd quarter worth about $25,000. Trust Co. of Vermont bought a new position in shares of Element Solutions in the fourth quarter worth approximately $43,000. UMB Bank n.a. raised 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 purchasing an additional 949 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock valued at $53,000 after purchasing an additional 911 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Element Solutions in the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America restated a "neutral" rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Barclays lowered their price target 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. BMO Capital Markets upped their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 target price for the company. Four equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.14.

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Element Solutions Trading Down 1.2 %

Element Solutions stock traded down $0.30 during trading hours on Friday, reaching $24.39. The company had a trading volume of 2,249,372 shares, compared to its average volume of 1,496,662. 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 Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The company has a 50-day moving average price of $25.72 and a 200 day moving average price of $26.36. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company 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%. Equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions's payout ratio is 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.