Tudor Investment Corp ET AL Has $11.99 Million Stake in Element Solutions Inc (NYSE:ESI)

Tudor Investment Corp ET AL increased its position in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 430.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,307 shares of the company's stock after acquiring an additional 382,469 shares during the quarter. Tudor Investment Corp ET AL owned 0.19% of Element Solutions worth $11,985,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in Element Solutions during the 4th quarter valued at $27,000. First Horizon Advisors Inc. boosted its position in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont purchased a new position in Element Solutions during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions in the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its position in shares of Element Solutions by 98.8% in 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ESI shares. KeyCorp dropped their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. UBS Group reduced 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. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Finally, Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Insider Buying and Selling at Element Solutions

In related 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 stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.90% of the company's stock.

Element Solutions Stock Performance

ESI traded up $0.44 on Friday, hitting $21.08. The company had a trading volume of 1,764,894 shares, compared to its average volume of 1,939,179. The company's fifty day moving average price is $22.21 and its 200 day moving average price is $25.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 20.67, 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 earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Equities analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. Element Solutions's dividend payout ratio is currently 26.89%.

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.