Element Solutions Inc (NYSE:ESI) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Element Solutions Inc (NYSE:ESI) by 75.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,114 shares of the company’s stock after selling 27,855 shares during the period. Corient Private Wealth LLC’s holdings in Element Solutions were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ESI. Park Avenue Securities LLC grew its holdings in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after acquiring an additional 26,753 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Element Solutions by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company’s stock worth $59,224,000 after purchasing an additional 29,253 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Element Solutions during the 4th quarter worth approximately $423,000. Principal Financial Group Inc. increased its holdings in shares of Element Solutions by 18.6% during the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company’s stock valued at $1,900,000 after purchasing an additional 11,702 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Element Solutions in the 4th quarter valued at $433,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Element Solutions Stock Performance

NYSE ESI opened at $22.56 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The stock’s 50 day simple moving average is $25.53 and its 200-day simple moving average is $26.27. The company has a market cap of $5.47 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a 1-year low of $22.13 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share 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 for the quarter, compared to analyst estimates of $598.24 million. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.42%. Element Solutions’s payout ratio is presently 31.37%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial started coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Bank of America restated a “neutral” rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

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.