Aaron Wealth Advisors LLC bought a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,531 shares of the company's stock, valued at approximately $261,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ESI. Integrated Wealth Concepts LLC grew its stake in shares of Element Solutions by 1.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after buying an additional 423 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after buying an additional 430 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after buying an additional 545 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock worth $2,502,000 after buying an additional 610 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Element Solutions by 7.1% in the 1st quarter. KBC Group NV now owns 10,319 shares of the company's stock worth $233,000 after buying an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ESI. The Goldman Sachs Group cut their price target on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Truist Financial raised 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. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. Finally, Barclays lowered their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Two 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 stock. According to MarketBeat, Element Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $25.75.
Check Out Our Latest Research Report on ESI
Element Solutions Stock Performance
Shares of NYSE ESI traded up $0.64 during midday trading on Monday, hitting $24.64. 6,497,332 shares of the stock traded hands, compared to its average volume of 2,019,837. The firm has a 50-day moving average of $21.90 and a two-hundred day moving average of $23.31. The firm has a market capitalization of $5.98 billion, a P/E ratio of 20.71, a PEG ratio of 1.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. 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 data 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 14.42% and a net margin of 11.56%. The firm had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the business posted $0.34 EPS. Element Solutions's revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.
Element Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, June 2nd. Element Solutions's payout ratio is currently 26.89%.
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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