Lighthouse Investment Partners LLC increased its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,760 shares of the company's stock after purchasing an additional 19,539 shares during the period. Lighthouse Investment Partners LLC's holdings in Element Solutions were worth $2,537,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 buying an additional 1,301,602 shares during the period. FIL Ltd purchased a new position in Element Solutions in the 4th quarter worth about $29,818,000. Boston Partners acquired a new stake in Element Solutions during the 4th quarter worth about $24,169,000. Raymond James Financial Inc. purchased a new stake in Element Solutions during the fourth quarter valued at about $13,573,000. Finally, Jennison Associates LLC lifted its position in shares of Element Solutions by 63.3% in the 4th quarter. Jennison Associates LLC now owns 1,316,244 shares of the company's stock valued at $33,472,000 after acquiring an additional 510,332 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Element Solutions Stock Performance
Shares of ESI traded down $0.09 during mid-day trading on Monday, hitting $22.25. The company's stock had a trading volume of 259,152 shares, compared to its average volume of 1,956,396. The stock's 50-day moving average is $21.48 and its two-hundred day moving average is $24.76. The firm has a market capitalization of $5.40 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. 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 Inc has a one year low of $16.77 and a one year high of $29.78.
Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $576.73 million. During the same period last year, the business posted $0.34 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ESI. The Goldman Sachs Group dropped their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays cut their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. 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, BMO Capital Markets reduced their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.38.
View Our Latest Stock Analysis on ESI
Insiders Place Their Bets
In related news, Director Martin E. Franklin sold 2,000,000 shares of the company'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 sale, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.90% of the company's stock.
Element Solutions Profile
(
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.
Further Reading
Before you consider Element Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Element Solutions wasn't on the list.
While Element Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
