Element Solutions Inc (NYSE:ESI) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 835,247 shares of the company's stock after purchasing an additional 51,460 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Element Solutions worth $21,240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Element Solutions by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock worth $132,468,000 after purchasing an additional 209,441 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Element Solutions by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after purchasing an additional 146,570 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after purchasing an additional 14,339 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC grew its stake in shares of Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock worth $80,727,000 after purchasing an additional 325,297 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ESI. UBS Group decreased their price target on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and decreased their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Wall Street Zen cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group decreased their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Barclays decreased their target price on 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Trading Down 2.2%

Shares of NYSE:ESI traded down $0.47 during midday trading on Friday, reaching $21.37. The company had a trading volume of 1,440,266 shares, compared to its average volume of 1,967,070. 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 1-year low of $16.77 and a 1-year high of $29.78. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a fifty day simple moving average of $20.67 and a two-hundred day simple moving average of $24.31.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results 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 company posted $0.34 EPS. Element Solutions's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio is currently 26.89%.

Insider Buying and Selling

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was 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 directly owns 109,100 shares of the company's stock, valued at approximately $2,847,510. This represents a 94.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.90% of the company's stock.

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.