Element Solutions Inc (NYSE:ESI) Position Increased by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 82.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 649,717 shares of the company's stock after buying an additional 292,839 shares during the period. Point72 Asset Management L.P. owned approximately 0.27% of Element Solutions worth $16,522,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions in the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in Element Solutions by 610.7% in the 4th 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 acquired a new stake in Element Solutions in the 4th quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new position in Element Solutions in the fourth quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its stake in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 1.3%

Shares of ESI traded down $0.29 during midday trading on Friday, hitting $21.30. The company had a trading volume of 200,825 shares, compared to its average volume of 1,960,145. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.30 and a beta of 1.24. The company's 50 day moving average price is $21.17 and its 200 day moving average price is $24.65. 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 Inc has a 52 week low of $16.77 and a 52 week high of $29.78.

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

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio is presently 26.89%.

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 value of $52,200,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.90% of the stock is owned by insiders.

Analyst Ratings Changes

ESI has been the subject of a number of recent research reports. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Barclays dropped their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their target price for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. 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, The Goldman Sachs Group decreased their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions presently 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.