Element Solutions Inc (NYSE:ESI) Shares Bought by Point72 Asset Management L.P.

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

Several other large investors have also modified their holdings of the business. Integrated Wealth Concepts LLC boosted its position in Element Solutions by 1.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after purchasing an additional 423 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings 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 valued at $287,000 after buying an additional 430 shares in the last quarter. Arizona State Retirement System grew its position 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. Equitable Trust Co. grew its position in shares of Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock worth $867,000 after buying an additional 576 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Element Solutions by 0.6% during 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 acquiring an additional 610 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction on 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 in the company, valued at $2,847,510. The trade was a 94.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.90% of the company's stock.

Element Solutions Stock Performance

Shares of Element Solutions stock traded down $0.80 during trading on Wednesday, hitting $21.38. 2,479,980 shares of the company's stock were exchanged, compared to its average volume of 1,966,095. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.30 and a beta of 1.24. The business has a 50-day simple moving average of $21.27 and a 200-day simple moving average of $24.69.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $576.73 million. During the same quarter last year, the business posted $0.34 EPS. The company's revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ESI shares. KeyCorp lowered their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group reduced their target price 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 upgraded Element Solutions from a "hold" rating to a "buy" rating and decreased their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Finally, The Goldman Sachs Group dropped 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued 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 target price of $26.38.

About Element Solutions

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.