Element Solutions Inc (NYSE:ESI) Shares Acquired by Gates Capital Management Inc.

Gates Capital Management Inc. increased its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,686,495 shares of the company's stock after purchasing an additional 134,465 shares during the period. Element Solutions accounts for approximately 1.3% of Gates Capital Management Inc.'s investment portfolio, making the stock its 25th biggest position. Gates Capital Management Inc. owned approximately 1.11% of Element Solutions worth $68,318,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after purchasing an additional 249,280 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock worth $132,468,000 after purchasing an additional 209,441 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Element Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after purchasing an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC grew its position 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 valued at $80,727,000 after purchasing an additional 325,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased 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 valued at $74,282,000 after purchasing 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 related 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 completion of 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 at this link. 7.90% of the stock is owned by corporate insiders.

Element Solutions Trading Down 0.8 %

NYSE ESI opened at $21.17 on Friday. Element Solutions Inc has a one year low of $16.77 and a one year high of $29.78. The firm has a market cap of $5.13 billion, a PE ratio of 20.76, a P/E/G ratio of 2.30 and a beta of 1.24. The firm's fifty day moving average is $21.75 and its two-hundred day moving average is $24.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $576.73 million. During the same period last year, the business posted $0.34 EPS. The company's revenue was up 3.3% on a year-over-year basis. Analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm 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 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, March 3rd. Element Solutions's payout ratio is 26.89%.

Analyst Ratings Changes

Several brokerages recently weighed in on ESI. BMO Capital Markets lowered their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays dropped their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Finally, StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.38.

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.

Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc (NYSE:ESI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.