Element Solutions Inc (NYSE:ESI) Position Boosted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its holdings in shares of Element Solutions Inc (NYSE:ESI) by 370.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,623 shares of the company’s stock after acquiring an additional 1,278 shares during the period. SRS Capital Advisors Inc.’s holdings in Element Solutions were worth $38,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Element Solutions by 20.6% in the fourth quarter. Victory Capital Management Inc. now owns 37,274 shares of the company’s stock worth $863,000 after purchasing an additional 6,357 shares during the period. Truist Financial Corp lifted its stake in shares of Element Solutions by 3.1% in the 4th quarter. Truist Financial Corp now owns 201,900 shares of the company’s stock worth $4,672,000 after acquiring an additional 6,090 shares during the period. Bailard Inc. bought a new position in shares of Element Solutions in the fourth quarter valued at approximately $211,000. Duality Advisers LP acquired a new position in shares of Element Solutions during the fourth quarter valued at approximately $528,000. Finally, Handelsbanken Fonder AB raised its holdings in Element Solutions by 1.5% during the fourth quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock worth $789,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ESI. Mizuho increased their price target on Element Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group lifted their target price on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. The Goldman Sachs Group upped their price target on Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Finally, Wolfe Research started coverage on Element Solutions in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Insider Transactions at Element Solutions

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

Element Solutions Price Performance

NYSE ESI opened at $23.82 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.43. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 44.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32. The company has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $22.41. Element Solutions Inc has a 52-week low of $17.53 and a 52-week high of $25.81.

Element Solutions (NYSE:ESI) last released its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The company had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Element Solutions Inc will post 1.39 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.34%. Element Solutions’s dividend payout ratio is currently 59.26%.

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.