Gallo Partners LP Takes $2.21 Million Position in Element Solutions Inc (NYSE:ESI)

Gallo Partners LP bought a new stake in Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 86,719 shares of the company's stock, valued at approximately $2,205,000. Element Solutions accounts for about 1.6% of Gallo Partners LP's investment portfolio, making the stock its 28th biggest holding.

A number of other large investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the fourth quarter worth $27,000. First Horizon Advisors Inc. increased 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 purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its position in shares of Element Solutions by 98.8% during the fourth 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 last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 109,100 shares of the company's stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ESI shares. KeyCorp reduced their target price on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. UBS Group dropped their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays decreased their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Truist Financial raised shares of 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.38.

Element Solutions Stock Performance

Shares of ESI traded down $0.31 during mid-day trading on Monday, reaching $20.76. 341,819 shares of the company's stock traded hands, compared to its average volume of 1,932,996. 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 business's 50-day moving average price is $22.21 and its 200-day moving average price is $25.09. The stock has a market capitalization of $5.03 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a 12 month low of $16.77 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Equities 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued 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 1.54%. Element Solutions's payout ratio is 26.89%.

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.