KBC Group NV Acquires 2,737 Shares of Element Solutions Inc (NYSE:ESI)

KBC Group NV boosted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 39.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,638 shares of the company’s stock after buying an additional 2,737 shares during the quarter. KBC Group NV’s holdings in Element Solutions were worth $245,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Element Solutions in the 3rd quarter worth $25,000. Trust Co. of Vermont purchased a new position in Element Solutions in the fourth quarter valued at about $43,000. UMB Bank n.a. raised its holdings in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Element Solutions in the 3rd quarter valued at about $113,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Element Solutions by 306.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,675 shares of the company’s stock worth $127,000 after buying an additional 3,525 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ESI shares. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Bank of America reissued a “neutral” rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Stock Performance

ESI opened at $25.36 on Wednesday. The firm has a 50 day moving average of $26.24 and a two-hundred day moving average of $26.37. The firm has a market capitalization of $6.14 billion, a PE ratio of 22.84, a P/E/G ratio of 2.19 and a beta of 1.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a 12-month low of $21.42 and a 12-month high of $29.78.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio is presently 28.83%.

About Element Solutions

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.