Vanguard Group Inc. Has $565.69 Million Holdings in Element Solutions Inc (NYSE:ESI)

Vanguard Group Inc. increased its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,244,795 shares of the company's stock after buying an additional 249,280 shares during the quarter. Vanguard Group Inc. owned approximately 9.19% of Element Solutions worth $565,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its stake in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock valued at $132,468,000 after acquiring an additional 209,441 shares during the last quarter. State Street Corp lifted its stake in Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company's stock valued at $117,320,000 after purchasing an additional 230,793 shares during the last quarter. Geode Capital Management LLC grew its holdings in Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company's stock worth $96,216,000 after purchasing an additional 18,791 shares during the period. GW&K Investment Management LLC increased its position in Element Solutions by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company's stock worth $65,174,000 after buying an additional 19,962 shares during the last quarter. Finally, Ilex Capital Partners UK LLP raised its stake in 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 buying an additional 1,529,607 shares during the period. 92.32% of the stock is owned by institutional investors.

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Element Solutions Stock Performance

NYSE ESI traded up $0.14 during trading on Wednesday, reaching $22.71. The company's stock had a trading volume of 1,926,373 shares, compared to its average volume of 1,711,888. The firm has a 50 day moving average price of $25.53 and a 200 day moving average price of $26.27. Element Solutions Inc has a 12 month low of $22.13 and a 12 month high of $29.78. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

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

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's payout ratio is currently 31.37%.

Insider Buying and Selling at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ESI. Bank of America reissued a "neutral" rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Barclays decreased their price objective 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. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price for the company. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Four research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.14.

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.