Element Solutions Inc (NYSE:ESI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 129.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506,104 shares of the company's stock after purchasing an additional 285,053 shares during the quarter. Rhumbline Advisers owned about 0.21% of Element Solutions worth $11,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new stake in Element Solutions during the 4th quarter valued at $27,000. Park Square Financial Group LLC bought a new stake in Element Solutions in the 4th quarter valued at $28,000. First Horizon Advisors Inc. boosted its holdings in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after purchasing an additional 971 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in Element Solutions during the fourth quarter valued at approximately $48,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions in the 4th quarter valued at about $68,000. Institutional investors own 92.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ESI. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. BMO Capital Markets reduced their target price 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. The Goldman Sachs Group cut their target price 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. Wall Street Zen lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, KeyCorp cut their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $26.38.

Element Solutions Stock Down 0.7%

NYSE:ESI traded down $0.15 during mid-day trading on Thursday, hitting $21.59. 524,825 shares of the company's stock traded hands, compared to its average volume of 1,967,641. 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 twelve month low of $16.77 and a twelve month high of $29.78. The company has a market capitalization of $5.24 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.30 and a beta of 1.23. The company has a fifty day moving average of $20.58 and a 200 day moving average of $24.00.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million for 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%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. On average, analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued 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 1.48%. Element Solutions's dividend payout ratio is presently 26.89%.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction that occurred on 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 completion of the transaction, the director now owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.90% of the company's stock.

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.