Element Solutions Inc (NYSE:ESI) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its position in Element Solutions Inc (NYSE:ESI - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,026,543 shares of the company's stock after purchasing an additional 146,570 shares during the quarter. Element Solutions makes up approximately 0.9% of Silvercrest Asset Management Group LLC's investment portfolio, making the stock its 13th largest holding. Silvercrest Asset Management Group LLC owned about 2.08% of Element Solutions worth $127,825,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in Element Solutions by 79.0% in the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock worth $1,541,000 after buying an additional 26,753 shares during the period. Proficio Capital Partners LLC acquired a new position in Element Solutions in the 4th quarter worth approximately $423,000. Charles Schwab Investment Management Inc. increased its holdings in Element Solutions by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock worth $59,224,000 after buying an additional 29,253 shares during the period. Principal Financial Group Inc. increased its holdings in Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock worth $1,900,000 after buying an additional 11,702 shares during the period. Finally, Boston Partners acquired a new position in Element Solutions in the 4th quarter worth approximately $24,169,000. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. KeyCorp decreased their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note 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. Finally, UBS Group decreased their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Element Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Price Performance

Shares of ESI traded up $0.10 during mid-day trading on Monday, hitting $22.44. 1,626,477 shares of the company were exchanged, compared to its average volume of 1,961,303. 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. The company has a 50 day moving average of $21.43 and a 200-day moving average of $24.73. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share 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 firm had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. 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 news, Director Martin E. Franklin sold 2,000,000 shares of the firm'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 transaction of $52,200,000.00. Following the completion of the sale, the director now owns 109,100 shares in the company, valued at $2,847,510. This trade represents a 94.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.90% of the stock is owned by insiders.

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.