Element Solutions Inc (NYSE:ESI) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 100.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,170 shares of the company's stock after buying an additional 136,630 shares during the quarter. First Trust Advisors LP owned approximately 0.11% of Element Solutions worth $6,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in Element Solutions in the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. raised its position in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares during the period. Trust Co. of Vermont acquired a new position in Element Solutions in the fourth quarter valued at $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the 4th quarter worth about $48,000. Finally, UMB Bank n.a. grew its holdings in shares of Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Wall Street Analyst Weigh In

ESI has been the subject of several recent research reports. BMO Capital Markets dropped their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. UBS Group lowered their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two equities 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.38.

Element Solutions Stock Up 2.1 %

NYSE:ESI traded up $0.44 during mid-day trading on Friday, reaching $21.08. The stock had a trading volume of 1,764,894 shares, compared to its average volume of 1,936,539. 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 $5.11 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The stock's 50 day simple moving average is $22.21 and its two-hundred day simple moving average is $25.10.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.52%. Element Solutions's dividend payout ratio (DPR) is 26.89%.

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 currently owned by corporate insiders.

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.