Lighthouse Investment Partners LLC grew its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,760 shares of the company's stock after purchasing an additional 19,539 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Element Solutions were worth $2,537,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the 4th quarter valued at about $27,000. First Horizon Advisors Inc. boosted its holdings in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont purchased a new stake in Element Solutions during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new stake in Element Solutions during the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. boosted its holdings in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after acquiring an additional 949 shares during the period. 92.32% of the stock is currently owned by institutional investors.
Insider Transactions at Element Solutions
In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated 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 completion of the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company's stock.
Element Solutions Trading Up 1.1%
Shares of NYSE ESI traded up $0.24 during midday trading on Friday, hitting $22.36. The company's stock had a trading volume of 1,157,794 shares, compared to its average volume of 1,959,878. 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 is $21.48 and its two-hundred day moving average is $24.80. Element Solutions Inc has a 12-month low of $16.77 and a 12-month high of $29.78. The firm has a market cap of $5.42 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.
Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping 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 firm had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ESI. The Goldman Sachs Group dropped their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, April 28th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. BMO Capital Markets dropped their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Finally, KeyCorp dropped their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Two research 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 stock. According to MarketBeat.com, Element Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $26.38.
View Our Latest Research Report on ESI
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.
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