Element Solutions Inc (NYSE:ESI) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in Element Solutions Inc (NYSE:ESI) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,100,853 shares of the company’s stock after purchasing an additional 100,672 shares during the quarter. Element Solutions makes up 0.7% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 15th biggest holding. Segall Bryant & Hamill LLC owned approximately 0.87% of Element Solutions worth $53,425,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ESI. Ilex Capital Partners UK LLP grew its stake in shares of Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after buying an additional 1,529,607 shares during the period. JPMorgan Chase & Co. boosted its holdings in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after acquiring an additional 1,369,981 shares during the last quarter. Boston Partners acquired a new stake in Element Solutions during the fourth quarter worth about $24,169,000. Appian Way Asset Management LP purchased a new position in shares of Element Solutions in the 3rd quarter worth about $14,553,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Element Solutions in the 4th quarter valued at about $13,573,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Up 1.5 %

Shares of NYSE ESI opened at $25.60 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a 1 year low of $23.10 and a 1 year high of $29.78. The stock’s 50-day simple moving average is $25.79 and its 200-day simple moving average is $26.34. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. As a group, equities analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 1.25%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ESI shares. 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 report on Tuesday, January 14th. Truist Financial started coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays decreased their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Four equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.14.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.90% of the stock is owned by company insiders.

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.