Price T Rowe Associates Inc. MD Cuts Position in Element Solutions Inc (NYSE:ESI)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 871,346 shares of the company's stock after selling 525,372 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.36% of Element Solutions worth $22,160,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Element Solutions by 549.2% during the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company's stock valued at $43,983,000 after buying an additional 1,369,981 shares during the period. FIL Ltd purchased a new position in Element Solutions during the fourth quarter valued at approximately $29,818,000. Boston Partners purchased a new position in Element Solutions during the fourth quarter valued at approximately $24,169,000. Raymond James Financial Inc. bought a new stake in Element Solutions during the 4th quarter worth approximately $13,573,000. Finally, Jennison Associates LLC lifted its stake in Element Solutions by 63.3% in the 4th quarter. Jennison Associates LLC now owns 1,316,244 shares of the company's stock worth $33,472,000 after purchasing an additional 510,332 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Up 2.1 %

Element Solutions stock traded up $0.44 during trading hours on Friday, reaching $21.08. The company had a trading volume of 1,764,894 shares, compared to its average volume of 1,939,179. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a 50-day moving average price of $22.21 and a 200 day moving average price of $25.10. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. Equities analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.52%. Element Solutions's dividend payout ratio is presently 26.89%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. KeyCorp dropped 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. UBS Group lowered their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group cut their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a research report on Monday, April 14th. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.38.

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 transaction of $52,200,000.00. Following the sale, the director now owns 109,100 shares of the company's stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

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.