Point72 Hong Kong Ltd decreased its position in Element Solutions Inc (NYSE:ESI - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,922 shares of the company's stock after selling 25,844 shares during the quarter. Point72 Hong Kong Ltd's holdings in Element Solutions were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC purchased a new position in shares of Element Solutions in the fourth quarter valued at $27,000. First Horizon Advisors Inc. raised its stake in Element Solutions by 610.7% during 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 in the last quarter. Trust Co. of Vermont bought a new position in Element Solutions during the fourth quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the 4th quarter worth $48,000. Finally, UMB Bank n.a. grew its stake in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.
Element Solutions Trading Up 0.4%
Shares of ESI stock traded up $0.10 on Monday, reaching $22.44. 1,626,477 shares of the company's stock were exchanged, compared to its average volume of 1,961,303. The company's fifty day simple moving average is $21.43 and its 200 day simple moving average is $24.73. Element Solutions Inc has a 52 week low of $16.77 and a 52 week 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 stock has a market capitalization of $5.44 billion, a PE ratio of 22.00, a P/E/G ratio of 2.30 and a beta of 1.24.
Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.
Insider Buying and Selling
In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business'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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
ESI has been the topic of several recent research reports. BMO Capital Markets decreased their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays lowered their price objective 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. The Goldman Sachs Group decreased their price target on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. KeyCorp lowered their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their price objective for the company from $28.00 to $24.00 in a research 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.38.
View Our Latest 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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