Schroder Investment Management Group Has $24.52 Million Holdings in Element Solutions Inc (NYSE:ESI)

Schroder Investment Management Group trimmed its holdings in shares of Element Solutions Inc (NYSE:ESI) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 961,017 shares of the company’s stock after selling 145,285 shares during the quarter. Schroder Investment Management Group owned about 0.40% of Element Solutions worth $24,516,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Element Solutions by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 52,020 shares of the company’s stock worth $1,413,000 after acquiring an additional 1,137 shares during the period. Captrust Financial Advisors grew its holdings in Element Solutions by 81.3% during the 3rd quarter. Captrust Financial Advisors now owns 24,540 shares of the company’s stock worth $667,000 after acquiring an additional 11,004 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Element Solutions by 108.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,129 shares of the company’s stock worth $302,000 after purchasing an additional 5,782 shares during the last quarter. Centiva Capital LP acquired a new stake in Element Solutions in the third quarter worth about $542,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Element Solutions in the third quarter valued at approximately $2,724,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insiders Place Their Bets

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

Element Solutions Stock Performance

Element Solutions stock opened at $22.71 on Thursday. Element Solutions Inc has a 1-year low of $22.13 and a 1-year high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $5.51 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The firm’s 50 day simple moving average is $25.46 and its 200 day simple moving average is $26.25.

Element Solutions (NYSE:ESI) last issued its earnings results 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 analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. As a group, analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Analysts Set New Price Targets

ESI has been the subject of a number of recent analyst reports. Bank of America restated a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Truist Financial started coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays dropped 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. Finally, StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

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.