Simon Quick Advisors LLC Makes New $326,000 Investment in Element Solutions Inc (NYSE:ESI)

Simon Quick Advisors LLC acquired a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 14,432 shares of the company's stock, valued at approximately $326,000.

Several other institutional investors have also added to or reduced their stakes in ESI. TD Private Client Wealth LLC bought a new stake in Element Solutions in 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. lifted its position in 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 acquiring an additional 971 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in Element Solutions in the 4th quarter valued at $48,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Element Solutions in the 4th quarter valued at $68,000. 92.32% of the stock is owned by institutional investors.

Insider Activity at Element Solutions

In other 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 directly owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.90% of the stock is owned by insiders.

Element Solutions Price Performance

NYSE:ESI traded down $0.65 on Friday, hitting $20.99. The company had a trading volume of 1,509,765 shares, compared to its average volume of 1,952,745. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.30 and a beta of 1.23. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $20.71 and a two-hundred day moving average of $23.86. Element Solutions Inc has a 52 week low of $16.77 and a 52 week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's payout ratio is 26.89%.

Analyst Ratings Changes

ESI has been the topic of several analyst reports. Wall Street Zen cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group cut their price target 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. KeyCorp cut 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. The Goldman Sachs Group lowered their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. Two research 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 stock. Based on data from MarketBeat, Element Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

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.