Keybank National Association OH Buys New Shares in Element Solutions Inc (NYSE:ESI)

Keybank National Association OH bought a new stake in Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,613 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Element Solutions by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company’s stock valued at $59,224,000 after acquiring an additional 29,253 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in Element Solutions during the 4th quarter worth about $971,000. SRS Capital Advisors Inc. grew its position in Element Solutions by 1,466.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,589 shares of the company’s stock worth $117,000 after purchasing an additional 4,296 shares during the period. GW&K Investment Management LLC grew its position in Element Solutions by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company’s stock worth $65,174,000 after purchasing an additional 19,962 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Element Solutions during the 4th quarter worth about $48,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ESI has been the topic of several analyst reports. 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 research report on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Element Solutions currently has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Price Performance

NYSE:ESI opened at $25.25 on Tuesday. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $6.12 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The stock’s 50-day moving average price is $25.70 and its 200-day moving average price is $26.37.

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

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio 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.