Parkside Investments LLC Decreases Holdings in Element Solutions Inc (NYSE:ESI)

Parkside Investments LLC trimmed its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,425 shares of the company's stock after selling 60,197 shares during the quarter. Parkside Investments LLC owned approximately 0.14% of Element Solutions worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. TD Private Client Wealth LLC bought a new stake in Element Solutions in the fourth quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in Element Solutions in the fourth quarter worth approximately $28,000. First Horizon Advisors Inc. increased its holdings in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after purchasing an additional 971 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in Element Solutions in the fourth quarter worth approximately $48,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Element Solutions in the fourth quarter worth approximately $68,000. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ESI shares. Barclays lowered their target price on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group lowered 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. UBS Group lowered their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. KeyCorp lowered their target price on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and reduced their price objective for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

Element Solutions Stock Up 2.5%

Element Solutions stock traded up $0.54 during mid-day trading on Monday, reaching $21.55. The stock had a trading volume of 2,021,156 shares, compared to its average volume of 1,953,018. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The stock's 50-day simple moving average is $20.80 and its 200-day simple moving average is $23.78. The firm has a market capitalization of $5.22 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $593.70 million during 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%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, sell-side analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's payout ratio is currently 26.89%.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the 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 sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.90% of the stock is currently owned by insiders.

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.