Schonfeld Strategic Advisors LLC Buys 247,675 Shares of Element Solutions Inc (NYSE:ESI)

Schonfeld Strategic Advisors LLC boosted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 374.1% 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 313,875 shares of the company's stock after buying an additional 247,675 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.13% of Element Solutions worth $7,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Element Solutions by 16.4% in the fourth quarter. AQR Capital Management LLC now owns 1,238,378 shares of the company's stock worth $31,492,000 after buying an additional 174,163 shares during the period. The Manufacturers Life Insurance Company boosted its position in Element Solutions by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 54,631 shares of the company's stock valued at $1,389,000 after purchasing an additional 2,611 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Element Solutions by 430.5% in the fourth quarter. Tudor Investment Corp ET AL now owns 471,307 shares of the company's stock worth $11,985,000 after purchasing an additional 382,469 shares during the last quarter. Quarry LP increased its position in shares of Element Solutions by 29.2% during the fourth quarter. Quarry LP now owns 7,792 shares of the company's stock worth $198,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Element Solutions by 18.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 9,835 shares of the company's stock worth $250,000 after purchasing an additional 1,563 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Up 0.7 %

Shares of ESI stock traded up $0.15 on Wednesday, hitting $20.87. The stock had a trading volume of 754,722 shares, compared to its average volume of 1,937,652. Element Solutions Inc has a 52-week low of $16.77 and a 52-week 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. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 2.30 and a beta of 1.24. The stock's 50 day moving average is $22.00 and its 200-day moving average is $25.03.

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

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's payout ratio is 26.89%.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and reduced their target price for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. KeyCorp cut their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. BMO Capital Markets decreased their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group decreased their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Two research 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 data from MarketBeat, Element Solutions presently has a consensus 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.