US Bancorp DE cut its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 24.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,675 shares of the company's stock after selling 11,330 shares during the quarter. US Bancorp DE's holdings in Element Solutions were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Element Solutions during the third quarter valued at approximately $25,000. First Horizon Advisors Inc. raised 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 purchased a new stake in Element Solutions during the 4th quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new position in Element Solutions in the 4th quarter worth about $48,000. Finally, UMB Bank n.a. grew its position in Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares during the period. 92.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on ESI. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America restated a "neutral" rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price for the company. Finally, Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.
View Our Latest Analysis on ESI
Element Solutions Price Performance
Shares of ESI stock opened at $24.82 on Monday. The stock's 50-day simple moving average is $25.71 and its 200-day simple moving average is $26.37. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.
Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million during the quarter, compared to analysts' expectations of $598.24 million. As a group, equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.
Element Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, March 3rd. Element Solutions's payout ratio is 31.37%.
Element Solutions Profile
(
Free Report)
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.
Further Reading
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