Kera Capital Partners Inc. acquired a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,012 shares of the company's stock, valued at approximately $317,000.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock worth $74,282,000 after acquiring an additional 1,301,602 shares during the last quarter. FIL Ltd purchased a new stake in shares of Element Solutions in the 4th quarter valued at $29,818,000. London Co. of Virginia acquired a new position in Element Solutions during the 4th quarter worth about $29,800,000. Boston Partners purchased a new stake in Element Solutions during the fourth quarter worth about $24,169,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Element Solutions during the fourth quarter worth about $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.
Element Solutions Price Performance
Shares of ESI traded down $0.47 on Friday, reaching $21.37. The stock had a trading volume of 1,440,266 shares, compared to its average volume of 1,966,377. The firm has a 50-day moving average of $20.67 and a 200 day moving average of $24.36. The firm has a market capitalization of $5.18 billion, a PE ratio of 20.95, a PEG ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76.
Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period in the previous year, the firm earned $0.34 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.
Element Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given 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 (DPR) is presently 26.89%.
Insiders Place Their Bets
In other 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ESI. BMO Capital Markets cut their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group dropped their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $29.00 to $24.00 in a research note 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 research note on Monday, April 14th. Finally, UBS Group lowered their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.38.
View Our Latest Report on ESI
About Element Solutions
(
Free Report)
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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