Proficio Capital Partners LLC Takes $423,000 Position in Element Solutions Inc (NYSE:ESI)

Proficio Capital Partners LLC bought a new stake in shares of Element Solutions Inc (NYSE:ESI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,631 shares of the company’s stock, valued at approximately $423,000.

Other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of Element Solutions during the third quarter valued at approximately $25,000. First Horizon Advisors Inc. increased its position in Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont acquired a new stake in Element Solutions in the 4th quarter valued at approximately $43,000. UMB Bank n.a. raised its stake in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after acquiring an additional 949 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its position in Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after acquiring an additional 911 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Up 1.6 %

Element Solutions stock opened at $25.25 on Tuesday. The company has a market capitalization of $6.12 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.30 and a beta of 1.29. The firm’s fifty day simple moving average is $25.70 and its 200-day simple moving average is $26.37. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 1-year low of $23.10 and a 1-year high of $29.78.

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

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.27%. Element Solutions’s dividend payout ratio is 31.37%.

Wall Street Analyst Weigh In

ESI has been the subject of several recent analyst reports. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price for the company. Barclays reduced their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. 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 report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

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.