London Co. of Virginia Makes New Investment in Element Solutions Inc (NYSE:ESI)

London Co. of Virginia bought a new stake in Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,171,829 shares of the company's stock, valued at approximately $29,800,000. London Co. of Virginia owned 0.48% of Element Solutions as of its most recent SEC filing.

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

Element Solutions Price Performance

NYSE:ESI traded down $0.18 during mid-day trading on Thursday, hitting $22.11. 1,032,426 shares of the stock traded hands, compared to its average volume of 1,958,235. 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 12-month low of $16.77 and a 12-month high of $29.78. The company has a market cap of $5.36 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The business's 50-day moving average price is $21.55 and its 200 day moving average price is $24.84.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. During the same quarter last year, the company posted $0.34 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ESI shares. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and lowered their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Barclays dropped their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. KeyCorp reduced their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. BMO Capital Markets dropped their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Element Solutions presently has an average 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.