Martin E. Franklin Acquires 302,000 Shares of Element Solutions Inc (NYSE:ESI) Stock

Element Solutions Inc (NYSE:ESIGet Rating) Director Martin E. Franklin purchased 302,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average cost of $18.96 per share, for a total transaction of $5,725,920.00. Following the completion of the purchase, the director now owns 302,000 shares in the company, valued at approximately $5,725,920. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Element Solutions Stock Performance

Shares of ESI stock opened at $19.04 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.33 and a quick ratio of 2.45. The firm has a 50-day moving average of $17.48 and a 200-day moving average of $18.76. Element Solutions Inc has a one year low of $15.31 and a one year high of $25.65. The company has a market cap of $4.61 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.17 and a beta of 1.36.

Element Solutions (NYSE:ESIGet Rating) last posted its earnings results on Wednesday, October 26th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Element Solutions had a return on equity of 14.64% and a net margin of 6.80%. The firm had revenue of $618.50 million for the quarter, compared to the consensus estimate of $660.69 million. Equities research analysts forecast that Element Solutions Inc will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC increased its position in shares of Element Solutions by 19.1% during the 1st quarter. Park Avenue Securities LLC now owns 30,302 shares of the company’s stock valued at $664,000 after purchasing an additional 4,865 shares during the last quarter. SG Americas Securities LLC increased its holdings in Element Solutions by 19.1% during the first quarter. SG Americas Securities LLC now owns 11,772 shares of the company’s stock worth $258,000 after buying an additional 1,891 shares during the last quarter. Parkside Investments LLC increased its holdings in Element Solutions by 18.4% during the first quarter. Parkside Investments LLC now owns 393,933 shares of the company’s stock worth $8,627,000 after buying an additional 61,300 shares during the last quarter. FDx Advisors Inc. raised its position in Element Solutions by 21.9% in the first quarter. FDx Advisors Inc. now owns 27,256 shares of the company’s stock worth $597,000 after acquiring an additional 4,901 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Element Solutions by 0.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,946,157 shares of the company’s stock valued at $86,421,000 after acquiring an additional 14,055 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ESI. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Bank of America lowered their price objective on shares of Element Solutions from $27.00 to $24.00 in a report on Tuesday, October 11th. Barclays reduced their price objective on shares of Element Solutions from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, November 1st. Credit Suisse Group began coverage on shares of Element Solutions in a report on Thursday, October 6th. They issued an “underperform” rating and a $15.00 target price on the stock. Finally, Mizuho cut their price target on Element Solutions from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.07.

About Element Solutions

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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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