Element Solutions Inc (NYSE:ESI) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 124.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,079 shares of the company's stock after acquiring an additional 66,076 shares during the quarter. Jane Street Group LLC's holdings in Element Solutions were worth $3,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ESI. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions in the 4th quarter worth $27,000. First Horizon Advisors Inc. boosted 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 in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions in the 4th quarter worth $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the 4th quarter worth $48,000. Finally, UMB Bank n.a. lifted its position in 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 acquiring an additional 949 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business'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 transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.90% of the stock is currently owned by insiders.

Element Solutions Stock Performance

Shares of ESI stock traded up $0.10 on Monday, hitting $22.44. The company had a trading volume of 1,626,477 shares, compared to its average volume of 1,961,303. The firm has a market cap of $5.44 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a 50-day moving average price of $21.43 and a 200-day moving average price of $24.73. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a twelve month low of $16.77 and a twelve 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 for the quarter, topping analysts' consensus estimates 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%. Element Solutions's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ESI has been the topic of several research analyst reports. Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and dropped their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price target on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. UBS Group dropped their price target on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.