Element Solutions Inc (NYSE:ESI) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its stake in shares of Element Solutions Inc (NYSE:ESI) by 1,466.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,589 shares of the company’s stock after buying an additional 4,296 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Element Solutions were worth $117,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in shares of Element Solutions by 79.0% in the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after acquiring an additional 26,753 shares in the last quarter. Cerity Partners LLC raised its stake in Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after purchasing an additional 49,466 shares during the last quarter. Entropy Technologies LP purchased a new position in Element Solutions in the 4th quarter valued at about $433,000. Barclays PLC lifted its holdings in Element Solutions by 96.0% in the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after purchasing an additional 52,973 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after purchasing an additional 1,369,981 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $25.34 on Thursday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 24.84, a PEG ratio of 2.30 and a beta of 1.29. 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 business’s fifty day moving average price is $25.74 and its 200 day moving average price is $26.37. Element Solutions Inc has a twelve month low of $23.10 and a twelve month high of $29.78.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 14.68% and a net margin of 9.94%. As a group, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective 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. Bank of America reiterated a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial began coverage on Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective on the stock. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.