Sherbrooke Park Advisers LLC Lowers Stock Holdings in Element Solutions Inc (NYSE:ESI)

Sherbrooke Park Advisers LLC reduced its stake in Element Solutions Inc (NYSE:ESI) by 60.4% during the fourth quarter, HoldingsChannel reports. The firm owned 16,425 shares of the company’s stock after selling 25,088 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Element Solutions were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Element Solutions by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock valued at $565,685,000 after purchasing an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after purchasing an additional 209,441 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in Element Solutions by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock valued at $127,825,000 after purchasing an additional 146,570 shares in the last quarter. Geode Capital Management LLC raised its stake in Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock valued at $90,456,000 after purchasing an additional 14,339 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC raised its stake in Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company’s stock valued at $80,727,000 after purchasing an additional 325,297 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Trading Up 1.1%

ESI stock opened at $22.36 on Friday. The company has a market capitalization of $5.42 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a one year low of $16.77 and a one year high of $29.78. The company’s 50 day moving average price is $21.48 and its two-hundred day moving average price is $24.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

Element Solutions (NYSE:ESI) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ESI shares. The Goldman Sachs Group lowered their target price on shares of Element Solutions from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. KeyCorp lowered their target price on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Bank of America raised shares of Element Solutions from a “neutral” rating to a “buy” rating and lowered their target price for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. UBS Group decreased their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Truist Financial raised shares of Element Solutions from a “hold” rating to a “buy” rating and decreased their price target for the stock from $28.00 to $24.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.38.

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.