Jane Street Group LLC Raises Stock Holdings in Element Solutions Inc (NYSE:ESI)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new position in Element Solutions during the 4th quarter valued at about $27,000. First Horizon Advisors Inc. grew its holdings in Element Solutions by 610.7% during the 4th 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 in the last quarter. Trust Co. of Vermont purchased a new position in Element Solutions during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new position in Element Solutions during the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. grew its holdings in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Price Performance

NYSE:ESI traded up $0.24 during mid-day trading on Friday, reaching $22.36. The stock had a trading volume of 1,157,794 shares, compared to its average volume of 1,959,878. The firm has a 50 day moving average price of $21.48 and a two-hundred day moving average price of $24.80. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a one year low of $16.77 and a one year high of $29.78. 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 (NYSE:ESI - Get Free Report) last released its 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 the consensus estimate 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 previous year, the company posted $0.34 EPS. As a group, analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Insider Buying and Selling at Element Solutions

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 value of $52,200,000.00. Following the completion of the sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESI. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and reduced their target price for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and reduced their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. KeyCorp cut their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group cut 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. Two equities 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.38.

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.