Graham Capital Management L.P. Reduces Stock Position in Element Solutions Inc (NYSE:ESI)

Graham Capital Management L.P. cut its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,401 shares of the company's stock after selling 103,080 shares during the quarter. Graham Capital Management L.P.'s holdings in Element Solutions were worth $926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock valued at $565,685,000 after buying an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock valued at $132,468,000 after buying an additional 209,441 shares in the last quarter. Geode Capital Management LLC increased its position in Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock valued at $90,456,000 after buying an additional 14,339 shares in the last quarter. Locust Wood Capital Advisers LLC increased its position in Element Solutions by 11.4% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock valued at $80,727,000 after buying an additional 325,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after buying an additional 1,301,602 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Insider Activity at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the company's 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 owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.90% of the stock is owned by company insiders.

Element Solutions Stock Performance

Shares of ESI stock traded up $0.24 during trading on Friday, hitting $22.36. The company's stock had a trading volume of 1,157,794 shares, compared to its average volume of 1,959,878. The company has a market cap of $5.42 billion, a PE ratio of 21.92, a P/E/G ratio of 2.30 and a beta of 1.24. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $21.48 and a 200-day moving average of $24.80. Element Solutions Inc has a 52 week low of $16.77 and a 52 week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its 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 company had revenue of $593.70 million during 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%. Element Solutions's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, April 28th. UBS Group decreased their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets decreased their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.38.

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.