R Squared Ltd Takes Position in Element Solutions Inc (NYSE:ESI)

R Squared Ltd purchased a new position in Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,780 shares of the company’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESI. US Bancorp DE increased its position in shares of Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after purchasing an additional 417 shares during the last quarter. Equitable Trust Co. increased its holdings in Element Solutions by 2.2% in the third quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock valued at $911,000 after buying an additional 733 shares during the last quarter. True Wealth Design LLC acquired a new stake in Element Solutions during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after buying an additional 949 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Element Solutions by 16.7% during the 3rd quarter. KBC Group NV now owns 6,901 shares of the company’s stock worth $187,000 after buying an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ESI shares. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets increased their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays reduced their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial began coverage on shares of Element Solutions in a report on Tuesday. They issued a “hold” rating and a $28.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Performance

ESI opened at $25.79 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $26.45 and its 200-day moving average is $26.42. The stock has a market cap of $6.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. Element Solutions Inc has a twelve month low of $21.42 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. During the same quarter in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

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.