Mackenzie Financial Corp Has $1.14 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Mackenzie Financial Corp lifted its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 234.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,681 shares of the company's stock after purchasing an additional 31,302 shares during the quarter. Mackenzie Financial Corp's holdings in Element Solutions were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in Element Solutions by 1.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after acquiring an additional 423 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares during the period. Arizona State Retirement System lifted its holdings in shares of Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after purchasing an additional 545 shares in 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 valued at $867,000 after purchasing an additional 576 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in 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 buying an additional 610 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Insider Activity at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group cut their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays reduced their target price 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. BMO Capital Markets dropped their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, KeyCorp cut their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.38.

Element Solutions Stock Down 1.0%

Shares of Element Solutions stock traded down $0.22 during trading hours on Monday, reaching $21.16. 1,505,774 shares of the company's stock were exchanged, compared to its average volume of 1,965,219. The stock has a market cap of $5.13 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.30 and a beta of 1.24. The company has a 50 day moving average of $20.67 and a two-hundred day moving average of $24.31. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $593.70 million for the quarter, compared to analyst estimates 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 was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. Element Solutions's dividend payout ratio is presently 26.89%.

Element Solutions Company 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.