Element Solutions Inc (NYSE:ESI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Element Solutions Inc (NYSE:ESI) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,149 shares of the company’s stock after acquiring an additional 5,966 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Element Solutions were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in Element Solutions in the fourth quarter valued at $27,000. Park Square Financial Group LLC purchased a new position in shares of Element Solutions in the fourth quarter valued at $28,000. First Horizon Advisors Inc. increased its position 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 valued at $29,000 after buying an additional 971 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the fourth quarter valued at $48,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Element Solutions in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Up 0.4%

ESI opened at $22.05 on Wednesday. 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 $5.35 billion, a P/E ratio of 21.61, a PEG ratio of 2.30 and a beta of 1.23. Element Solutions Inc has a 52 week low of $16.77 and a 52 week high of $29.78. The business’s fifty day simple moving average is $20.51 and its 200 day simple moving average is $24.01.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same quarter last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, June 2nd. Element Solutions’s payout ratio is 26.89%.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This trade represents a 94.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ESI. Truist Financial upgraded Element Solutions from a “hold” rating to a “buy” rating and dropped their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. BMO Capital Markets dropped their price target on Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group dropped their price target on Element Solutions from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Wall Street Zen cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays decreased their price objective on Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $26.38.

Element Solutions Company 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.