Two Sigma Advisers LP Has $1.38 Million Stake in Element Solutions Inc (NYSE:ESI)

Two Sigma Advisers LP lessened its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 77.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,200 shares of the company's stock after selling 191,000 shares during the quarter. Two Sigma Advisers LP's holdings in Element Solutions were worth $1,378,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new position in Element Solutions in the 4th quarter valued at $27,000. First Horizon Advisors Inc. increased its holdings in shares of 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 period. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $48,000. Richardson Financial Services Inc. raised its position in shares of Element Solutions by 77.5% in the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock valued at $53,000 after buying an additional 911 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Element Solutions in the fourth quarter valued at approximately $68,000. Institutional investors own 92.32% of the company's stock.

Insider Buying and Selling

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 stock was 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 of the company's stock, valued at $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial upgraded 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. BMO Capital Markets decreased their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report 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 report on Monday, April 28th. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, UBS Group decreased their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Two investment 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 company. According to data from MarketBeat, Element Solutions currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Trading Up 0.7%

Shares of NYSE:ESI traded up $0.16 during midday trading on Wednesday, hitting $21.57. 259,214 shares of the stock were exchanged, compared to its average volume of 1,958,885. The business's 50-day moving average price is $20.56 and its 200 day moving average price is $24.24. Element Solutions Inc has a 12 month low of $16.77 and a 12 month high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm 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 company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

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 issued a $0.08 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. Element Solutions's payout ratio is 26.89%.

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.