Sei Investments Co. Acquires 17,124 Shares of Element Solutions Inc (NYSE:ESI)

Sei Investments Co. boosted its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 387,799 shares of the company's stock after acquiring an additional 17,124 shares during the quarter. Sei Investments Co. owned 0.16% of Element Solutions worth $9,862,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ilex Capital Partners UK LLP lifted its holdings in shares of Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company's stock valued at $67,085,000 after purchasing an additional 1,529,607 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company's stock valued at $43,983,000 after acquiring an additional 1,369,981 shares in the last quarter. Boston Partners purchased a new position in Element Solutions during the 4th quarter worth $24,169,000. Appian Way Asset Management LP bought a new stake in shares of Element Solutions in the 3rd quarter worth $14,553,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Element Solutions in the 4th quarter worth $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Bank of America restated a "neutral" rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. 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 target for the company. BMO Capital Markets boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Finally, StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.14.

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Element Solutions Price Performance

NYSE:ESI traded down $0.31 during midday trading on Monday, hitting $22.61. The company had a trading volume of 3,223,459 shares, compared to its average volume of 1,698,011. The stock's fifty day moving average price is $25.67 and its 200-day moving average price is $26.31. Element Solutions Inc has a 52-week low of $22.38 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $5.48 billion, a PE ratio of 22.17, a P/E/G ratio of 2.30 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio is presently 31.37%.

Insider Buying and Selling

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 shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.90% of the stock is owned by corporate insiders.

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.