LPL Financial LLC boosted its position in shares of Element Solutions Inc (NYSE:ESI – Free Report) by 597.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 119,105 shares of the company’s stock after buying an additional 102,022 shares during the quarter. LPL Financial LLC’s holdings in Element Solutions were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new position in shares of Element Solutions during the 4th quarter worth about $27,000. First Horizon Advisors Inc. grew its holdings in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares during the period. Trust Co. of Vermont acquired a new position in Element Solutions during the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust bought a new stake in Element Solutions in the fourth quarter valued at approximately $48,000. Finally, UMB Bank n.a. lifted 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 valued at $49,000 after buying an additional 949 shares during the last quarter. 92.32% of the stock is owned by institutional investors.
Element Solutions Price Performance
Shares of Element Solutions stock opened at $18.22 on Friday. 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 stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a 50-day simple moving average of $24.18 and a two-hundred day simple moving average of $25.79.
Element Solutions (NYSE:ESI – Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.
Element Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 1.76%. Element Solutions’s dividend payout ratio is presently 31.37%.
Analyst Ratings Changes
A number of research firms recently weighed in on ESI. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp began coverage on shares of Element Solutions in a report on Thursday, April 3rd. They issued an “overweight” rating and a $29.00 price objective on the stock. Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets lifted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.
Check Out Our Latest Stock Analysis on Element Solutions
Insider Activity
In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.
About Element Solutions
(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.
See Also
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