Wealthfront Advisers LLC acquired a new stake in Element Solutions Inc (NYSE:ESI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 27,807 shares of the company's stock, valued at approximately $707,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Element Solutions in the third quarter valued at approximately $25,000. First Horizon Advisors Inc. lifted its position in shares of Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the 4th quarter worth $43,000. Parkside Financial Bank & Trust bought a new position in shares of Element Solutions in the fourth quarter worth $48,000. Finally, UMB Bank n.a. increased its position in shares of Element Solutions by 98.8% in the fourth 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. Institutional investors and hedge funds own 92.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Bank of America reiterated a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Truist Financial started coverage on Element Solutions in a report on Tuesday, January 28th. They issued a "hold" rating and a $28.00 target price on the stock. Finally, Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Element Solutions currently has an average rating of "Moderate Buy" and an average price target of $30.14.
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Element Solutions Price Performance
Shares of NYSE:ESI traded down $0.09 during trading on Wednesday, hitting $26.23. 5,030,449 shares of the company were exchanged, compared to its average volume of 1,439,861. The business's 50 day moving average is $25.75 and its 200-day moving average is $26.35. The company has a market capitalization of $6.36 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. 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 1-year low of $23.10 and a 1-year high of $29.78.
Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting 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 return on equity of 14.68% and a net margin of 9.94%. Equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.
Element Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. Element Solutions's payout ratio is 31.37%.
Element Solutions Company Profile
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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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