Schroder Investment Management Group Has $24.52 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Schroder Investment Management Group lessened its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 961,017 shares of the company's stock after selling 145,285 shares during the quarter. Schroder Investment Management Group owned 0.40% of Element Solutions worth $24,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake in Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after buying an additional 430 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after purchasing an additional 545 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock valued at $867,000 after purchasing an additional 576 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Element Solutions by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after purchasing an additional 684 shares during the last quarter. Finally, Forte Capital LLC ADV increased its position in Element Solutions by 6.9% during the 4th quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock worth $326,000 after purchasing an additional 830 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

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Insider Activity at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is owned by corporate insiders.

Element Solutions Trading Up 0.6 %

Element Solutions stock traded up $0.11 during mid-day trading on Monday, hitting $18.41. 6,117,130 shares of the stock were exchanged, compared to its average volume of 1,750,893. The firm's fifty day simple moving average is $25.04 and its two-hundred day simple moving average is $26.11. 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 12 month low of $16.80 and a 12 month high of $29.78. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $624.20 million during 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%. Analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 1.74%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's dividend payout ratio is 31.37%.

Analyst Ratings Changes

A number of analysts have weighed in on ESI shares. StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Truist Financial assumed coverage on Element Solutions in a research report on Tuesday, January 28th. They set a "hold" rating and a $28.00 price objective on the stock. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. BMO Capital Markets boosted their price target on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Finally, Bank of America reiterated a "neutral" rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Element Solutions Company 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.