NINE MASTS CAPITAL Ltd Makes New $971,000 Investment in Element Solutions Inc (NYSE:ESI)

NINE MASTS CAPITAL Ltd bought a new stake in shares of Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,192 shares of the company’s stock, valued at approximately $971,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after acquiring an additional 417 shares in the last quarter. Equitable Trust Co. grew its holdings in Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock valued at $867,000 after purchasing an additional 576 shares during the last quarter. Forte Capital LLC ADV raised its position in shares of Element Solutions by 6.9% in the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock valued at $326,000 after purchasing an additional 830 shares during the period. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the third quarter worth $25,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after buying an additional 911 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of several recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial began 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. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Trading Up 0.7 %

Element Solutions stock opened at $26.12 on Monday. The business has a 50 day moving average price of $25.78 and a two-hundred day moving average price of $26.39. 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 12 month low of $23.09 and a 12 month high of $29.78. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $598.24 million. As a group, equities analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

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 issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s payout ratio is 31.37%.

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.