Sherbrooke Park Advisers LLC Has $418,000 Stock Position in Element Solutions Inc (NYSE:ESI)

Sherbrooke Park Advisers LLC reduced its position in Element Solutions Inc (NYSE:ESI - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,425 shares of the company's stock after selling 25,088 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Element Solutions were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after purchasing an additional 1,301,602 shares during the last quarter. FIL Ltd acquired a new position in Element Solutions in the 4th quarter valued at about $29,818,000. London Co. of Virginia acquired a new position in Element Solutions in the 4th quarter valued at about $29,800,000. Boston Partners purchased a new stake in Element Solutions during the 4th quarter valued at approximately $24,169,000. Finally, Raymond James Financial Inc. acquired a new stake in Element Solutions during the 4th quarter worth approximately $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Trading Down 1.3%

ESI stock traded down $0.29 during midday trading on Friday, reaching $21.30. 213,018 shares of the company's stock traded hands, compared to its average volume of 2,892,018. The business has a 50-day moving average price of $21.17 and a two-hundred day moving average price of $24.65. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The company has a market capitalization of $5.17 billion, a P/E ratio of 20.88, a PEG ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last announced its 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. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. During the same period last year, the firm earned $0.34 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given 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 dividend payout ratio is currently 26.89%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their target price for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. 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 research note on Monday, April 14th. UBS Group reduced their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered their target price on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, BMO Capital Markets dropped their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. 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's stock. According to data from MarketBeat, Element Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $26.38.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business's 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. The trade was a 94.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.90% of the stock is owned by corporate 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.