82,854 Shares in Element Solutions Inc (NYSE:ESI) Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 82,854 shares of the company's stock, valued at approximately $1,873,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ESI. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the 4th quarter worth $27,000. Park Square Financial Group LLC purchased a new position in shares of Element Solutions in the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. raised its position in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after buying an additional 971 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions in the fourth quarter valued at approximately $48,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Element Solutions during the 4th quarter worth $68,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Up 2.5%

Element Solutions stock traded up $0.54 during trading on Monday, reaching $21.55. 2,021,156 shares of the company's stock were exchanged, compared to its average volume of 1,953,017. The company's 50-day moving average is $20.71 and its two-hundred day moving average is $23.83. 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 52-week low of $16.77 and a 52-week high of $29.78. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.30 and a beta of 1.23.

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, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same quarter in the previous year, the business posted $0.34 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio is presently 26.89%.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction 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 sale, the director now directly owns 109,100 shares of the company's stock, valued at $2,847,510. This trade represents a 94.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. KeyCorp decreased their target price 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. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and reduced their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. Mizuho upped their price objective on Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.75.

Element Solutions Company 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.