Sanctuary Advisors LLC Acquires New Stake in Element Solutions Inc (NYSE:ESI)

Sanctuary Advisors LLC acquired a new stake in Element Solutions Inc (NYSE:ESI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,317 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ESI. Ilex Capital Partners UK LLP increased its holdings in Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after purchasing an additional 1,529,607 shares during the period. JPMorgan Chase & Co. increased its holdings in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after purchasing an additional 1,369,981 shares during the period. Jennison Associates LLC acquired a new stake in Element Solutions in the third quarter valued at $21,889,000. Appian Way Asset Management LP acquired a new stake in Element Solutions in the third quarter valued at $14,553,000. Finally, Concentric Capital Strategies LP increased its holdings in Element Solutions by 84.3% in the third quarter. Concentric Capital Strategies LP now owns 610,609 shares of the company’s stock valued at $16,584,000 after purchasing an additional 279,345 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on ESI shares. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial began coverage on Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. Barclays decreased 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. BMO Capital Markets increased their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Bank of America reiterated a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Price Performance

ESI stock opened at $25.37 on Tuesday. The stock has a market capitalization of $6.15 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The company’s 50-day moving average is $25.78 and its 200-day moving average is $26.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a 1 year low of $23.09 and a 1 year high of $29.78.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Equities research analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed 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 is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

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.