PharVision Advisers LLC Makes New $459,000 Investment in Element Solutions Inc (NYSE:ESI)

PharVision Advisers LLC purchased a new stake in Element Solutions Inc (NYSE:ESI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,037 shares of the company's stock, valued at approximately $459,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions during the fourth quarter worth about $27,000. First Horizon Advisors Inc. grew its stake in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $48,000. Finally, UMB Bank n.a. boosted its holdings in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after acquiring an additional 949 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Price Performance

Shares of ESI traded down $0.17 during mid-day trading on Friday, hitting $21.42. The company's stock had a trading volume of 974,086 shares, compared to its average volume of 1,965,087. The firm has a 50-day simple moving average of $21.07 and a 200 day simple moving average of $24.61. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The firm has a market capitalization of $5.19 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.30 and a beta of 1.24. 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 (NYSE:ESI - Get Free Report) last posted its quarterly 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. The business 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%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.49%. Element Solutions's payout ratio is currently 26.89%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ESI shares. 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. KeyCorp dropped their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price target on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Finally, Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Element Solutions has an average rating of "Moderate Buy" and a consensus price target of $26.38.

Insider Buying and Selling at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

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.