18,037 Shares in Element Solutions Inc (NYSE:ESI) Acquired by PharVision Advisers LLC

PharVision Advisers LLC acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,037 shares of the company's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESI. Vanguard Group Inc. boosted its stake in Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after acquiring an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Element Solutions by 4.2% during 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 during the period. Silvercrest Asset Management Group LLC raised its holdings in Element Solutions by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock worth $127,825,000 after buying an additional 146,570 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock worth $90,456,000 after acquiring an additional 14,339 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC lifted its holdings 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 valued at $80,727,000 after purchasing an additional 325,297 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Element Solutions stock traded down $0.17 during trading on Monday, hitting $21.42. The stock had a trading volume of 974,086 shares, compared to its average volume of 1,966,882. The stock's 50 day moving average is $21.07 and its two-hundred day moving average is $24.55. Element Solutions Inc has a 1 year low of $16.77 and a 1 year high of $29.78. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. 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 issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS 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 firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. During the same quarter in the prior 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. As a group, analysts predict that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

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

Insider Activity

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction 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 completion of the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ESI shares. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on shares of 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 cut their target price for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. Finally, KeyCorp decreased their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. 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 company. According to MarketBeat, Element Solutions has an average rating of "Moderate Buy" and a consensus target price of $26.38.

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.