Element Solutions Inc (NYSE:ESI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Element Solutions Inc (NYSE:ESI) by 210.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,899 shares of the company’s stock after acquiring an additional 10,776 shares during the period. BNP Paribas Financial Markets’ holdings in Element Solutions were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Element Solutions by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock worth $565,685,000 after purchasing an additional 249,280 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock worth $132,468,000 after acquiring an additional 209,441 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Element Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock worth $90,456,000 after buying an additional 14,339 shares during the last quarter. Locust Wood Capital Advisers LLC grew its holdings in shares of Element Solutions by 11.4% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company’s stock worth $80,727,000 after purchasing an additional 325,297 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company’s stock worth $74,282,000 after buying an additional 1,301,602 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ESI shares. BMO Capital Markets dropped their target price on Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp dropped their price objective on Element Solutions from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Truist Financial upgraded Element Solutions from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Finally, Bank of America upgraded shares of Element Solutions from a “neutral” rating to a “buy” rating and decreased their price target for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $26.38.

Element Solutions Trading Down 0.8%

NYSE ESI opened at $21.42 on Monday. The company’s fifty day simple moving average is $21.07 and its 200-day simple moving average is $24.55. The stock has a market cap of $5.19 billion, a P/E ratio of 21.00, a PEG ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million during the quarter, compared to analysts’ expectations of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Equities research analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, June 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 26.89%.

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.