Nuveen Asset Management LLC Trims Stock Position in Element Solutions Inc (NYSE:ESI)

Nuveen Asset Management LLC lessened its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 22.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 988,123 shares of the company's stock after selling 286,210 shares during the quarter. Nuveen Asset Management LLC owned about 0.41% of Element Solutions worth $25,128,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its position in shares of Element Solutions by 1.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after buying an additional 423 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after purchasing an additional 430 shares during the last quarter. Arizona State Retirement System raised its position in Element Solutions by 0.8% in 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 during the last quarter. Equitable Trust Co. raised its position in 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 last quarter. Finally, Treasurer of the State of North Carolina raised its position in Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of ESI opened at $21.60 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock has a market capitalization of $5.24 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.30 and a beta of 1.24. The company's fifty day moving average is $21.17 and its two-hundred day moving average is $24.65. Element Solutions Inc has a 1 year low of $16.77 and a 1 year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Element Solutions's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, sell-side analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.48%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Insider Transactions at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This represents a 94.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets reduced their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and reduced their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. The Goldman Sachs Group reduced 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 report on Monday, April 28th. UBS Group reduced their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays reduced their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.38.

About Element Solutions

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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