Moore Capital Management LP Takes Position in Element Solutions Inc (NYSE:ESI)

Moore Capital Management LP acquired a new position in Element Solutions Inc (NYSE:ESI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 246,879 shares of the company's stock, valued at approximately $6,278,000. Moore Capital Management LP owned approximately 0.10% of Element Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in Element Solutions by 79.0% in the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock worth $1,541,000 after acquiring an additional 26,753 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Element Solutions in the fourth quarter valued at $423,000. Charles Schwab Investment Management Inc. increased its position in shares of Element Solutions by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock valued at $59,224,000 after buying an additional 29,253 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Element Solutions by 18.6% in the fourth quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock valued at $1,900,000 after buying an additional 11,702 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of Element Solutions in the fourth quarter valued at $24,169,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

Element Solutions stock traded up $0.24 during midday trading on Friday, reaching $22.36. 1,157,794 shares of the company were exchanged, compared to its average volume of 1,962,647. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.30 and a beta of 1.24. The firm's 50-day simple moving average is $21.48 and its 200-day simple moving average is $24.76. Element Solutions Inc has a 1 year low of $16.77 and a 1 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 issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period last year, the company earned $0.34 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 7.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ESI. The Goldman Sachs Group dropped their price target on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. KeyCorp dropped their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets dropped their price objective on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.38.

Element Solutions Company 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.