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

Silvercrest Asset Management Group LLC lifted its holdings in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,026,543 shares of the company's stock after purchasing an additional 146,570 shares during the quarter. Element Solutions comprises about 0.9% of Silvercrest Asset Management Group LLC's investment portfolio, making the stock its 13th biggest position. Silvercrest Asset Management Group LLC owned about 2.08% of Element Solutions worth $127,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. TD Private Client Wealth LLC purchased a new position in Element Solutions during the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. increased its holdings in Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after purchasing an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new position in Element Solutions in the fourth quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new position in Element Solutions in the fourth quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its stake in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Down 3.0%

Shares of ESI stock traded down $0.67 during mid-day trading on Wednesday, reaching $21.51. 466,045 shares of the company were exchanged, compared to its average volume of 1,956,372. 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 business's 50 day simple moving average is $21.37 and its 200 day simple moving average is $24.71. The company has a market capitalization of $5.22 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a fifty-two week low of $16.77 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction 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. The trade was a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ESI shares. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. UBS Group decreased their price target on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets dropped their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group reduced their target price on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.