Wealthfront Advisers LLC purchased a new position in shares of Element Solutions Inc (NYSE:ESI – Free Report) 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 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.
Get Our Latest Analysis on ESI
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.
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