Element Solutions Inc. (NYSE:ESI) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Element Solutions Inc. by 5.4%, owning approximately 0.42% of the company worth $22.79 million after selling 57,637 shares.
• Multiple institutional investors adjusted their positions, with JPMorgan Chase & Co. increasing its stake by 80.4% in the fourth quarter, now holding 2.92 million shares valued at $74.28 million.
• Element Solutions reported $0.37 earnings per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.08 per share with a yield of 1.4%.

Natixis Advisors LLC cut its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,007,867 shares of the company's stock after selling 57,637 shares during the period. Natixis Advisors LLC owned approximately 0.42% of Element Solutions worth $22,788,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ESI. JPMorgan Chase & Co. boosted its stake in shares of Element Solutions by 80.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after purchasing an additional 1,301,602 shares during the period. FIL Ltd purchased a new position in shares of Element Solutions in the fourth quarter valued at approximately $29,818,000. London Co. of Virginia purchased a new position in shares of Element Solutions in the fourth quarter valued at approximately $29,800,000. Principal Financial Group Inc. boosted its stake in shares of Element Solutions by 1,431.1% in the first quarter. Principal Financial Group Inc. now owns 1,143,869 shares of the company's stock valued at $25,863,000 after purchasing an additional 1,069,160 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Element Solutions by 31.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,753,606 shares of the company's stock valued at $62,259,000 after purchasing an additional 651,251 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on ESI shares. BMO Capital Markets lowered their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $27.00 price target (up previously from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their price target for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, Barclays decreased 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 note on Monday, April 28th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.38.

Element Solutions Stock Down 2.0%

Shares of NYSE:ESI opened at $23.13 on Friday. The company has a market capitalization of $5.59 billion, a PE ratio of 23.13, a P/E/G ratio of 1.70 and a beta of 1.26. The company has a current ratio of 4.10, a quick ratio of 3.16 and a debt-to-equity ratio of 0.62. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78. The firm has a 50 day simple moving average of $22.88 and a 200-day simple moving average of $23.19.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $625.20 million during the quarter, compared to the consensus estimate of $587.45 million. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The company's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, equities analysts predict that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 2nd. Element Solutions's payout ratio is currently 32.00%.

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.

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