Nebula Research & Development LLC Increases Stake in Element Solutions Inc (NYSE:ESI)

Nebula Research & Development LLC boosted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,375 shares of the company's stock after buying an additional 31,381 shares during the quarter. Nebula Research & Development LLC's holdings in Element Solutions were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC purchased a new stake in Element Solutions in the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. boosted its stake in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Element Solutions in the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in Element Solutions in the fourth quarter worth approximately $48,000. Finally, UMB Bank n.a. lifted its position in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Down 0.5 %

Shares of ESI traded down $0.10 during trading hours on Wednesday, reaching $20.14. 842,154 shares of the company traded hands, compared to its average volume of 3,117,180. The company's fifty day moving average price is $22.55 and its two-hundred day moving average price is $25.20. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. 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.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping 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 business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Element Solutions's quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, March 3rd. Element Solutions's payout ratio is currently 26.89%.

Insider Transactions at Element Solutions

In other 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 shares were 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.90% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on ESI shares. UBS Group lowered their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays lowered their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday. The Goldman Sachs Group lowered their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and dropped their price target for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.