Y Intercept Hong Kong Ltd Purchases 10,953 Shares of Element Solutions Inc (NYSE:ESI)

Y Intercept Hong Kong Ltd boosted its position in shares of Element Solutions Inc (NYSE:ESI) by 57.5% during the 4th quarter, HoldingsChannel reports. The fund owned 30,004 shares of the company’s stock after buying an additional 10,953 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Element Solutions were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Element Solutions during the third quarter valued at about $25,000. First Horizon Advisors Inc. grew its stake in shares of 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 purchasing an additional 971 shares during the period. Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $43,000. UMB Bank n.a. grew its stake in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in shares of Element Solutions by 77.5% in the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after purchasing an additional 911 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Up 0.7 %

NYSE ESI opened at $26.12 on Friday. The firm has a market cap of $6.33 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. Element Solutions Inc has a one year low of $23.09 and a one year high of $29.78. The stock’s 50 day simple moving average is $25.76 and its 200 day simple moving average is $26.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77.

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. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio is 31.37%.

Analyst Ratings Changes

ESI has been the topic of several analyst reports. Truist Financial initiated coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets upped their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Finally, Barclays decreased 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. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.