Wealthfront Advisers LLC Takes $707,000 Position in Element Solutions Inc (NYSE:ESI)

Wealthfront Advisers LLC purchased a new position in shares of Element Solutions Inc (NYSE:ESI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,807 shares of the company’s stock, valued at approximately $707,000.

Other large investors also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of Element Solutions by 16.7% during the third quarter. KBC Group NV now owns 6,901 shares of the company’s stock valued at $187,000 after purchasing an additional 987 shares during the period. Chesapeake Capital Corp IL lifted its holdings in Element Solutions by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 21,319 shares of the company’s stock valued at $576,000 after buying an additional 4,651 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Element Solutions by 209.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 321,609 shares of the company’s stock valued at $8,736,000 after buying an additional 217,624 shares during the period. Quest Partners LLC grew its stake in Element Solutions by 1,461.1% in the 3rd quarter. Quest Partners LLC now owns 50,487 shares of the company’s stock worth $1,371,000 after acquiring an additional 47,253 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Element Solutions by 2.8% during the third quarter. Segall Bryant & Hamill LLC now owns 2,000,181 shares of the company’s stock worth $54,325,000 after acquiring an additional 53,781 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Trading Up 3.7 %

NYSE ESI opened at $26.17 on Friday. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78. The company has a 50 day moving average price of $25.72 and a 200 day moving average price of $26.35. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm has a market cap of $6.34 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. As a group, sell-side analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 3rd. Element Solutions’s payout ratio is currently 31.37%.

Analyst Ratings Changes

Several research analysts recently issued reports on ESI shares. Barclays dropped their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets raised their price target on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Truist Financial began coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.14.

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.