Element Solutions Inc (NYSE:ESI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 77.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,481 shares of the company's stock after selling 423,897 shares during the period. Two Sigma Investments LP owned approximately 0.05% of Element Solutions worth $3,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. State of Wyoming lifted its stake in Element Solutions by 40.1% during the 4th quarter. State of Wyoming now owns 47,452 shares of the company's stock valued at $1,207,000 after acquiring an additional 13,577 shares during the period. Shellback Capital LP grew its position in Element Solutions by 13.6% in the 4th quarter. Shellback Capital LP now owns 439,459 shares of the company's stock worth $11,175,000 after purchasing an additional 52,563 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after buying an additional 146,570 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Element Solutions by 82.1% during the 4th quarter. Point72 Asset Management L.P. now owns 649,717 shares of the company's stock valued at $16,522,000 after buying an additional 292,839 shares during the period. Finally, Polar Asset Management Partners Inc. increased its position in Element Solutions by 61.6% during the fourth quarter. Polar Asset Management Partners Inc. now owns 162,075 shares of the company's stock valued at $4,122,000 after acquiring an additional 61,775 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Insider Buying and Selling

In other 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 transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.90% of the stock is currently owned by insiders.

Element Solutions Price Performance

Shares of ESI stock traded up $0.35 during trading hours on Tuesday, hitting $21.51. The stock had a trading volume of 473,020 shares, compared to its average volume of 1,959,476. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.30 and a beta of 1.24. The stock's 50-day moving average price is $20.60 and its two-hundred day moving average price is $24.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a one year low of $16.77 and a one year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) 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 business had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same period last year, the company earned $0.34 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Analyst Upgrades and Downgrades

ESI has been the subject of several research reports. KeyCorp reduced their price target on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group dropped their price target 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. Barclays decreased their target price on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. BMO Capital Markets cut their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a research 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 given a strong buy rating to the stock. According to MarketBeat, Element Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $26.38.

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.