Fox Run Management L.L.C. Lowers Holdings in Element Solutions Inc (NYSE:ESI)

Fox Run Management L.L.C. lowered its holdings in Element Solutions Inc (NYSE:ESI) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,472 shares of the company’s stock after selling 1,241 shares during the quarter. Fox Run Management L.L.C.’s holdings in Element Solutions were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Element Solutions in the third quarter worth $25,000. TD Private Client Wealth LLC purchased a new position in shares of Element Solutions in the fourth quarter worth $27,000. First Horizon Advisors Inc. raised its stake in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Element Solutions in the fourth quarter worth $43,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Insider Activity at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the 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 directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.90% of the stock is owned by corporate insiders.

Element Solutions Stock Performance

NYSE:ESI opened at $25.31 on Friday. The stock has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $26.34. Element Solutions Inc has a 52-week low of $23.10 and a 52-week 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 firm has a market capitalization of $6.14 billion, a PE ratio of 24.81, a P/E/G ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $598.24 million. Analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

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

About Element Solutions

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.