Element Solutions Inc. $ESI Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its position in Element Solutions Inc. (NYSE:ESI) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 655,150 shares of the company’s stock after purchasing an additional 14,950 shares during the period. Ceredex Value Advisors LLC owned about 0.27% of Element Solutions worth $14,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Element Solutions by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company’s stock worth $563,732,000 after buying an additional 2,688,056 shares in the last quarter. Gates Capital Management Inc. raised its position in Element Solutions by 101.9% in the first quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company’s stock worth $122,653,000 after acquiring an additional 2,738,250 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Element Solutions by 0.4% in the second quarter. Geode Capital Management LLC now owns 3,738,851 shares of the company’s stock valued at $84,699,000 after acquiring an additional 14,471 shares during the period. Locust Wood Capital Advisers LLC lifted its holdings in Element Solutions by 15.9% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,680,449 shares of the company’s stock valued at $83,215,000 after acquiring an additional 505,983 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Element Solutions by 8.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,509,229 shares of the company’s stock worth $79,485,000 after purchasing an additional 287,291 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Up 0.1%

Shares of NYSE:ESI opened at $25.93 on Friday. The company has a quick ratio of 3.30, a current ratio of 4.05 and a debt-to-equity ratio of 0.61. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $28.78. The stock’s fifty day simple moving average is $25.91 and its 200-day simple moving average is $24.50. The company has a market capitalization of $6.27 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.74 and a beta of 1.36.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.The firm had revenue of $656.10 million during the quarter, compared to analysts’ expectations of $645.13 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. Element Solutions’s dividend payout ratio is presently 32.32%.

Insider Activity

In other news, EVP Carey J. Dorman sold 40,725 shares of Element Solutions stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $26.66, for a total value of $1,085,728.50. Following the completion of the sale, the executive vice president owned 214,837 shares of the company’s stock, valued at $5,727,554.42. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew Liebowitz sold 50,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $26.55, for a total value of $1,327,500.00. Following the transaction, the executive vice president owned 57,353 shares in the company, valued at $1,522,722.15. This trade represents a 46.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 460,399 shares of company stock valued at $12,376,561 over the last quarter. Insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of research analyst reports. Mizuho cut their price target on shares of Element Solutions from $31.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. KeyCorp increased their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price target on Element Solutions from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Element Solutions has an average rating of “Moderate Buy” and an average target price of $30.75.

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.