10,144 Shares in Element Solutions Inc (NYSE:ESI) Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in shares of Element Solutions Inc (NYSE:ESI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,144 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter worth $25,000. First Horizon Advisors Inc. grew its holdings in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont acquired a new position in Element Solutions during the fourth quarter worth $43,000. Parkside Financial Bank & Trust acquired a new position in Element Solutions during the fourth quarter worth $48,000. Finally, UMB Bank n.a. grew its holdings in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after acquiring an additional 949 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Buying and Selling

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ESI. Barclays dropped their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price on the stock. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Bank of America reiterated a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Down 3.5 %

Shares of NYSE:ESI opened at $25.31 on Monday. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78. The stock’s fifty day simple moving average is $25.78 and its 200-day simple moving average is $26.34. The company has a market capitalization of $6.14 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. As a group, equities research analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.26%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

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.