Wealthfront Advisers LLC Makes New Investment in Element Solutions Inc (NYSE:ESI)

Wealthfront Advisers LLC acquired a new stake in Element Solutions Inc (NYSE:ESI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 27,807 shares of the company’s stock, valued at approximately $707,000.

A number of other hedge funds have also modified their holdings of the company. True Wealth Design LLC acquired a new position in Element Solutions in the 3rd quarter worth approximately $25,000. First Horizon Advisors Inc. boosted its position in Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions during the 4th quarter valued at approximately $48,000. Finally, UMB Bank n.a. boosted its holdings in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after buying an additional 949 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

NYSE ESI opened at $26.17 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock’s fifty day moving average is $25.72 and its two-hundred day moving average is $26.35. The firm has a market capitalization of $6.34 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $624.20 million during 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%. On average, research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.22%. Element Solutions’s payout ratio is 31.37%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ESI shares. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. 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. Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. Barclays decreased 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. Finally, StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions 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.