Russell Investments Group Ltd. decreased its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 36.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 559,264 shares of the company's stock after selling 319,441 shares during the period. Russell Investments Group Ltd. owned about 0.23% of Element Solutions worth $12,941,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its position in Element Solutions by 0.5% during the 3rd quarter. Raymond James & Associates now owns 240,598 shares of the company's stock valued at $4,718,000 after acquiring an additional 1,146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Element Solutions by 17.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,452 shares of the company's stock worth $911,000 after purchasing an additional 6,943 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Element Solutions in the 3rd quarter worth approximately $255,000. Kornitzer Capital Management Inc. KS increased its position in Element Solutions by 8.0% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 148,500 shares of the company's stock valued at $2,912,000 after buying an additional 11,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Element Solutions by 5.5% during the third quarter. Principal Financial Group Inc. now owns 17,536 shares of the company's stock valued at $344,000 after buying an additional 912 shares during the last quarter. Institutional investors own 92.32% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on ESI. Mizuho upped their price target on shares of Element Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. Wolfe Research assumed coverage on shares of Element Solutions in a research report on Friday, March 1st. They set a "peer perform" rating for the company. Barclays boosted their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Element Solutions from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.00.
View Our Latest Analysis on Element Solutions
Insider Activity
In other news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the transaction, the executive vice president now directly owns 146,297 shares of the company's stock, valued at approximately $3,394,090.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Element Solutions news, CFO Carey J. Dorman sold 1,410 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the sale, the chief financial officer now owns 177,113 shares in the company, valued at approximately $4,109,021.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Goralski sold 1,169 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock valued at $2,255,110 in the last 90 days. Company insiders own 7.90% of the company's stock.
Element Solutions Stock Performance
NYSE:ESI traded up $0.22 during trading hours on Friday, reaching $23.82. The company had a trading volume of 1,279,326 shares, compared to its average volume of 1,340,596. The firm's 50 day moving average price is $24.20 and its 200-day moving average price is $22.44. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 1.86 and a beta of 1.32. The company has a current ratio of 3.63, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. Element Solutions Inc has a 52 week low of $17.53 and a 52 week high of $25.81.
Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $575.00 million for the quarter, compared to the consensus estimate of $588.17 million. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. Element Solutions's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, analysts forecast that Element Solutions Inc will post 1.39 EPS for the current year.
Element Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, February 29th. Element Solutions's payout ratio is 59.26%.
About Element Solutions
(
Free Report)
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.
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