Element Solutions Inc (NYSE:ESI) Shares Acquired by Capital World Investors

Capital World Investors raised its position in Element Solutions Inc (NYSE:ESI - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,783,935 shares of the company's stock after acquiring an additional 142,295 shares during the period. Capital World Investors owned approximately 1.15% of Element Solutions worth $70,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Element Solutions by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after buying an additional 249,280 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of 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 worth $132,468,000 after buying an additional 209,441 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after buying an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC raised its holdings in shares of Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after buying an additional 325,297 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Element Solutions by 80.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after buying an additional 1,301,602 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions 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 sale, the director now owns 109,100 shares in the company, valued at $2,847,510. This trade represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ESI shares. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their price target for the stock from $28.00 to $24.00 in a report on Monday, April 14th. BMO Capital Markets decreased their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. KeyCorp reduced their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Barclays reduced their target price on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.38.

Element Solutions Stock Performance

ESI traded down $0.29 on Friday, reaching $20.24. The stock had a trading volume of 2,366,590 shares, compared to its average volume of 1,928,960. Element Solutions Inc has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The business's 50-day moving average price is $22.84 and its two-hundred day moving average price is $25.28. The company has a market cap of $4.91 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. Sell-side analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current 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 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 1.58%. Element Solutions's payout ratio is 26.89%.

About Element Solutions

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.