Wellington Management Group LLP Lowers Stock Position in Element Solutions Inc (NYSE:ESI)

Wellington Management Group LLP cut its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,384,362 shares of the company's stock after selling 268,578 shares during the quarter. Wellington Management Group LLP owned about 2.63% of Element Solutions worth $162,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new stake in Element Solutions in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. raised its position in shares of 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 in the last quarter. Trust Co. of Vermont bought a new stake in Element Solutions during the fourth quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new position in Element Solutions during the fourth quarter worth about $48,000. Finally, UMB Bank n.a. grew its position in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ESI. Barclays dropped their price target 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. Truist Financial started coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They issued a "hold" rating and a $28.00 price target for the company. KeyCorp began coverage on shares of Element Solutions in a research report on Thursday. They set an "overweight" rating and a $29.00 price objective on the stock. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets raised their price target on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

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Insider Activity

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company's stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.90% of the company's stock.

Element Solutions Trading Up 0.6 %

ESI stock traded up $0.11 during trading on Monday, hitting $18.41. 6,117,130 shares of the company traded hands, compared to its average volume of 1,750,893. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The company has a 50-day moving average of $25.04 and a 200-day moving average of $26.11. The firm has a market capitalization of $4.46 billion, a PE ratio of 18.04, a P/E/G ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 1 year low of $16.80 and a 1 year high of $29.78.

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

Element Solutions Dividend Announcement

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

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.