Duality Advisers LP Buys New Shares in Element Solutions Inc (NYSE:ESI)

Duality Advisers LP bought a new stake in Element Solutions Inc (NYSE:ESI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,836 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ESI. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 85.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 608 shares during the last quarter. CWM LLC increased its position in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after acquiring an additional 886 shares during the last quarter. Signaturefd LLC increased its position in shares of Element Solutions by 63.8% in the fourth quarter. Signaturefd LLC now owns 2,849 shares of the company’s stock valued at $66,000 after acquiring an additional 1,110 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Element Solutions in the fourth quarter valued at about $141,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Element Solutions in the third quarter valued at about $217,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $23.68 on Friday. Element Solutions Inc has a 12 month low of $17.08 and a 12 month high of $25.81. The stock’s 50 day moving average is $24.19 and its 200-day moving average is $22.20. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 2.05 and a beta of 1.32.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The company had revenue of $573.40 million for the quarter, compared to the consensus estimate of $590.43 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts expect that Element Solutions Inc will post 1.4 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio (DPR) is currently 65.31%.

Insider Buying and Selling

In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of Element Solutions stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total value of $1,430,674.40. Following the completion of the transaction, the chief executive officer now directly owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the sale, the chief executive officer now directly owns 704,395 shares in the company, valued at $16,341,964. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock valued at $2,255,110 over the last 90 days. 7.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ESI shares. The Goldman Sachs Group boosted their price target on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. UBS Group boosted their price target on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Barclays boosted their price target on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.60.

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.