111 Capital Purchases Shares of 11,784 Element Solutions Inc (NYSE:ESI)

111 Capital purchased a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,784 shares of the company's stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC acquired a new stake in Element Solutions in the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in Element Solutions in the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. lifted its position in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after buying an additional 971 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $48,000. Finally, Richardson Financial Services Inc. boosted its position in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock worth $53,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This trade represents a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.90% of the company's stock.

Element Solutions Trading Down 0.3%

Shares of NYSE ESI traded down $0.07 during trading on Monday, reaching $21.23. The company had a trading volume of 676,789 shares, compared to its average volume of 1,962,071. The company's fifty day moving average price is $20.67 and its 200-day moving average price is $24.31. Element Solutions Inc has a 12 month low of $16.77 and a 12 month high of $29.78. The stock has a market cap of $5.15 billion, a P/E ratio of 20.82, a PEG ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS 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 business had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. Element Solutions's payout ratio is 26.89%.

Wall Street Analyst Weigh In

A number of research firms 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 for the company in a report on Monday, April 28th. Truist Financial raised 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 report on Monday, April 14th. 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. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, UBS Group decreased their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two 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 company's stock. According to data from MarketBeat.com, Element Solutions currently has an average rating of "Moderate Buy" and a consensus price target 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.