Luminus Management LLC Invests $1.18 Million in Element Solutions Inc (NYSE:ESI)

Luminus Management LLC acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,500 shares of the company's stock, valued at approximately $1,182,000. Element Solutions makes up approximately 1.4% of Luminus Management LLC's investment portfolio, making the stock its 10th largest position.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in Element Solutions in the 4th quarter worth $27,000. First Horizon Advisors Inc. grew 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 valued at $29,000 after purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Element Solutions in the fourth quarter worth about $43,000. Parkside Financial Bank & Trust bought a new position in shares of Element Solutions in the fourth quarter worth about $48,000. Finally, UMB Bank n.a. lifted its position in shares of Element Solutions by 98.8% during 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 last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Price Performance

Shares of Element Solutions stock traded down $0.18 during trading on Thursday, hitting $22.11. 1,032,426 shares of the company's stock traded hands, compared to its average volume of 1,958,570. The firm's fifty day moving average price is $21.55 and its 200 day moving average price is $24.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The company has a market cap of $5.36 billion, a PE ratio of 21.68, a PEG ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same period last year, the business earned $0.34 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. Analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ESI. UBS Group lowered their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Barclays dropped their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Insiders Place Their Bets

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 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. The trade was a 94.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.90% of the company's stock.

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.