Polar Asset Management Partners Inc. Purchases 61,775 Shares of Element Solutions Inc (NYSE:ESI)

Polar Asset Management Partners Inc. grew its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,075 shares of the company's stock after purchasing an additional 61,775 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.07% of Element Solutions worth $4,122,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC bought a new stake in Element Solutions during the fourth quarter valued at $27,000. First Horizon Advisors Inc. boosted its holdings in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after buying an additional 971 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of Element Solutions during the 4th quarter valued at about $48,000. Richardson Financial Services Inc. raised its stake in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock worth $53,000 after acquiring an additional 911 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Element Solutions in the fourth quarter worth about $68,000. Institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 2.2%

NYSE:ESI traded down $0.47 during mid-day trading on Friday, reaching $21.37. The stock had a trading volume of 1,440,266 shares, compared to its average volume of 1,967,070. The stock has a market cap of $5.18 billion, a P/E ratio of 20.95, a PEG ratio of 2.30 and a beta of 1.24. The business's 50 day moving average is $20.67 and its 200 day moving average is $24.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released 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 business had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Element Solutions's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, sell-side analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, June 2nd. Element Solutions's payout ratio is presently 26.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. KeyCorp lowered their target price on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BMO Capital Markets lowered their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wall Street Zen cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Finally, UBS Group cut their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Element Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $26.38.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated 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 completion of the transaction, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This trade represents a 94.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.90% of the stock is owned by insiders.

Element Solutions 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.