Vanguard Group Inc. Decreases Holdings in Element Solutions Inc. $ESI

Vanguard Group Inc. trimmed its stake in Element Solutions Inc. (NYSE:ESI) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,413,201 shares of the company’s stock after selling 206,874 shares during the quarter. Vanguard Group Inc. owned approximately 10.50% of Element Solutions worth $639,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ESI. Elevation Point Wealth Partners LLC purchased a new position in Element Solutions in the second quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its holdings in Element Solutions by 154.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after acquiring an additional 678 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after acquiring an additional 1,129 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Element Solutions by 6,693.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock worth $50,000 after acquiring an additional 1,941 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of Element Solutions in the third quarter valued at $56,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ESI shares. Bank of America increased their price objective on Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, January 26th. KeyCorp increased their price target on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Truist Financial boosted their price objective on shares of Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho increased their target price on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Element Solutions has a consensus rating of “Buy” and an average price target of $35.75.

Insider Buying and Selling

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the sale, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.90% of the stock is currently owned by corporate insiders.

Element Solutions Stock Up 1.9%

ESI stock opened at $36.13 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $28.84 and its 200 day moving average is $26.91. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $36.38.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $676.20 million during the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. Element Solutions’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. Sell-side analysts predict that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions’s payout ratio is 40.51%.

Element Solutions Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.