Element Solutions Inc (NYSE:ESI) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 234.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,681 shares of the company's stock after acquiring an additional 31,302 shares during the period. Mackenzie Financial Corp's holdings in Element Solutions were worth $1,136,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in Element Solutions during the 4th quarter worth $423,000. Charles Schwab Investment Management Inc. boosted its position in Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock worth $59,224,000 after acquiring an additional 29,253 shares during the last quarter. Principal Financial Group Inc. grew its stake in Element Solutions by 18.6% during the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock valued at $1,900,000 after acquiring an additional 11,702 shares in the last quarter. Boston Partners acquired a new stake in Element Solutions in the 4th quarter valued at about $24,169,000. Finally, Entropy Technologies LP purchased a new position in Element Solutions during the fourth quarter worth approximately $433,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Element Solutions 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group decreased their price target on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. BMO Capital Markets cut their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, 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. Two equities research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Stock Up 0.9%

NYSE ESI traded up $0.20 during trading hours on Wednesday, hitting $21.61. 1,408,431 shares of the company were exchanged, compared to its average volume of 1,963,675. The company has a 50 day moving average of $20.53 and a two-hundred day moving average of $24.22. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.30 and a beta of 1.24. 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 released its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm 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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's payout ratio is 26.89%.

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.