Choreo LLC Acquires Shares of 13,325 Element Solutions Inc (NYSE:ESI)

Choreo LLC acquired a new stake in shares of Element Solutions Inc (NYSE:ESI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,325 shares of the company’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Element Solutions in the third quarter valued at about $25,000. Trust Co. of Vermont bought a new position in shares of Element Solutions in the fourth quarter valued at about $43,000. UMB Bank n.a. raised its holdings in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after buying an additional 949 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Element Solutions by 77.5% in the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after buying an additional 911 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Element Solutions in the third quarter valued at about $113,000. 92.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ESI. Truist Financial began coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. 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. Finally, BMO Capital Markets lifted their price objective 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 equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Price Performance

Shares of ESI stock opened at $26.06 on Friday. The stock has a 50-day moving average price of $25.91 and a 200 day moving average price of $26.31. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.17 and a beta of 1.30. Element Solutions Inc has a 12 month low of $21.42 and a 12 month high of $29.78.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. Element Solutions’s payout ratio is currently 28.83%.

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.