Sanctuary Advisors LLC Takes Position in Element Solutions Inc (NYSE:ESI)

Sanctuary Advisors LLC bought a new stake in Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,317 shares of the company’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ESI. Allspring Global Investments Holdings LLC grew its position in shares of Element Solutions by 306.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,675 shares of the company’s stock valued at $127,000 after purchasing an additional 3,525 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Element Solutions by 28.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,183 shares of the company’s stock valued at $602,000 after buying an additional 4,893 shares during the period. US Bancorp DE boosted its stake in shares of Element Solutions by 0.9% in the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after buying an additional 417 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Element Solutions by 107.1% in the third quarter. Harbor Capital Advisors Inc. now owns 105,745 shares of the company’s stock valued at $2,872,000 after buying an additional 54,686 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Element Solutions by 8.7% in the third quarter. QRG Capital Management Inc. now owns 12,377 shares of the company’s stock valued at $336,000 after buying an additional 988 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESI. Bank of America reiterated a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. BMO Capital Markets boosted their price target on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial started coverage on Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price for the company. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Down 2.8 %

NYSE ESI opened at $25.37 on Tuesday. The business has a fifty day moving average price of $25.78 and a two-hundred day moving average price of $26.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a fifty-two week low of $23.09 and a fifty-two week high of $29.78. The stock has a market capitalization of $6.15 billion, a PE ratio of 24.87, a PEG ratio of 2.30 and a beta of 1.30.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $598.24 million. Equities analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s payout ratio is 31.37%.

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.