Element Solutions Inc (NYSE:ESI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Element Solutions Inc (NYSE:ESI) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,320 shares of the company’s stock after selling 1,474 shares during the period. Victory Capital Management Inc.’s holdings in Element Solutions were worth $1,254,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after acquiring an additional 26,753 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Element Solutions by 40.4% during the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after acquiring an additional 49,466 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Element Solutions by 18.6% during the fourth quarter. Principal Financial Group Inc. now owns 74,709 shares of the company’s stock valued at $1,900,000 after acquiring an additional 11,702 shares during the last quarter. Entropy Technologies LP acquired a new stake in Element Solutions in the 4th quarter worth about $433,000. Finally, Barclays PLC boosted its stake in Element Solutions by 96.0% in the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock worth $2,938,000 after buying an additional 52,973 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets raised their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Barclays decreased their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Bank of America reissued 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. Finally, Truist Financial assumed coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Performance

Element Solutions stock opened at $26.23 on Thursday. The stock’s 50-day moving average is $25.76 and its 200-day moving average is $26.35. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. 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 12 month low of $23.10 and a 12 month high of $29.78.

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

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. Element Solutions’s payout ratio is currently 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.