Dimensional Fund Advisors LP Has $207.82 Million Position in Element Solutions Inc. $ESI

Dimensional Fund Advisors LP increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,256,926 shares of the company’s stock after acquiring an additional 139,751 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Element Solutions were worth $207,822,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ESI. American Century Companies Inc. increased its stake in Element Solutions by 28.0% in the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock valued at $105,609,000 after purchasing an additional 916,804 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Element Solutions during the third quarter valued at about $41,000. Hohimer Wealth Management LLC bought a new position in shares of Element Solutions during the 3rd quarter worth about $217,000. Choreo LLC boosted its position in shares of Element Solutions by 15.4% during the 3rd quarter. Choreo LLC now owns 18,947 shares of the company’s stock worth $477,000 after purchasing an additional 2,531 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Element Solutions by 3.9% in the 3rd quarter. US Bancorp DE now owns 15,000 shares of the company’s stock valued at $378,000 after buying an additional 558 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 7.1%

ESI opened at $30.77 on Friday. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $37.74. The firm has a market capitalization of $7.49 billion, a PE ratio of 38.95, a P/E/G ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. The company’s 50-day moving average is $30.43 and its 200 day moving average is $27.50.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $676.20 million during the quarter, compared to the consensus estimate of $632.40 million. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, research analysts predict that Element Solutions Inc. will post 1.45 earnings per share 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Element Solutions’s payout ratio is presently 40.51%.

Insider Activity at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider owned 117,393 shares in the company, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the completion of the sale, the director directly owned 147,832 shares of the company’s stock, valued at $5,250,992.64. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ESI. Truist Financial upped their price target on Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. CJS Securities upgraded Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Mizuho increased their target price on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $35.75.

Element Solutions Company 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.