Quantinno Capital Management LP Purchases 44,931 Shares of Element Solutions Inc (NYSE:ESI)

Quantinno Capital Management LP grew its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 69.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,263 shares of the company's stock after buying an additional 44,931 shares during the period. Quantinno Capital Management LP's holdings in Element Solutions were worth $2,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. Barclays PLC grew its stake in Element Solutions by 96.0% in the 3rd quarter. Barclays PLC now owns 108,174 shares of the company's stock worth $2,938,000 after buying an additional 52,973 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Element Solutions in the 4th quarter worth approximately $1,947,000. Trust Co. of Vermont purchased a new position in Element Solutions in the 4th quarter worth approximately $43,000. UMB Bank n.a. grew its stake in Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after buying an additional 949 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Element Solutions by 26.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,987 shares of the company's stock worth $661,000 after buying an additional 5,431 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Up 0.4%

Shares of ESI opened at $22.44 on Tuesday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 22.00, a PEG 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. The firm has a fifty day simple moving average of $21.43 and a two-hundred day simple moving average of $24.73. Element Solutions Inc has a twelve month low of $16.77 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share 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 analysts' expectations of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Insider Buying and Selling at Element Solutions

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

Wall Street Analyst Weigh In

ESI has been the subject of a number of research reports. The Goldman Sachs Group cut 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. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and cut their price target for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. BMO Capital Markets cut 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 note on Friday, April 25th. Barclays cut their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, StockNews.com cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company 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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