Captrust Financial Advisors Purchases 2,111 Shares of Element Solutions Inc (NYSE:ESI)

Captrust Financial Advisors lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,651 shares of the company’s stock after purchasing an additional 2,111 shares during the period. Captrust Financial Advisors’ holdings in Element Solutions were worth $678,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ESI. JPMorgan Chase & Co. lifted its position in shares of Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company’s stock valued at $74,282,000 after purchasing an additional 1,301,602 shares in the last quarter. FIL Ltd bought a new stake in Element Solutions in the fourth quarter worth about $29,818,000. Boston Partners bought a new stake in Element Solutions in the fourth quarter worth about $24,169,000. Raymond James Financial Inc. bought a new stake in Element Solutions in the fourth quarter worth about $13,573,000. Finally, Jennison Associates LLC raised its position in Element Solutions by 63.3% in the fourth quarter. Jennison Associates LLC now owns 1,316,244 shares of the company’s stock worth $33,472,000 after acquiring an additional 510,332 shares during the period. 92.32% of the stock is owned by institutional investors.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $22.36 on Friday. The company has a 50 day moving average of $21.48 and a 200 day moving average of $24.78. The stock has a market cap of $5.42 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.30 and a beta of 1.24. Element Solutions Inc has a 12 month low of $16.77 and a 12 month high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $593.70 million during the quarter, compared to analysts’ expectations of $576.73 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 109,100 shares of the company’s stock, valued at $2,847,510. The trade was a 94.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ESI. KeyCorp reduced their target price on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. UBS Group reduced their target price on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Bank of America upgraded shares of Element Solutions from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. Barclays reduced their target price on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Truist Financial raised shares of Element Solutions from a “hold” rating to a “buy” rating and reduced their price objective for the company 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.38.

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.