Element Solutions Inc (NYSE:ESI) Holdings Raised by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 129.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,104 shares of the company's stock after purchasing an additional 285,053 shares during the period. Rhumbline Advisers owned 0.21% of Element Solutions worth $11,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in shares of Element Solutions in the fourth quarter worth $423,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock worth $59,224,000 after acquiring an additional 29,253 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Element Solutions by 18.6% in the fourth quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock valued at $1,900,000 after purchasing an additional 11,702 shares during the last quarter. Boston Partners bought a new stake in shares of Element Solutions during the 4th quarter worth approximately $24,169,000. Finally, Entropy Technologies LP acquired a new stake in Element Solutions during the 4th quarter valued at $433,000. 92.32% of the stock is owned by institutional investors.

Element Solutions Price Performance

Shares of NYSE:ESI traded down $0.65 on Friday, reaching $20.99. The company's stock had a trading volume of 1,509,765 shares, compared to its average volume of 1,951,715. The company has a 50-day simple moving average of $20.71 and a 200 day simple moving average of $23.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a market cap of $5.09 billion, a P/E ratio of 20.58, a PEG ratio of 2.30 and a beta of 1.23.

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, topping the consensus estimate of $0.33 by $0.01. The firm 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 company's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.52%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Insider Activity

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.90% of the company's stock.

Analyst Ratings Changes

ESI has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday. BMO Capital Markets decreased their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. KeyCorp dropped their price target on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays decreased their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the company from $28.00 to $24.00 in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $25.75.

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.