Fox Run Management L.L.C. Sells 1,241 Shares of Element Solutions Inc (NYSE:ESI)

Fox Run Management L.L.C. reduced its position in shares of Element Solutions Inc (NYSE:ESI) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,472 shares of the company’s stock after selling 1,241 shares during the quarter. Fox Run Management L.L.C.’s holdings in Element Solutions were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ESI. Ilex Capital Partners UK LLP increased its holdings in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $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% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after purchasing an additional 1,369,981 shares during the period. Boston Partners purchased a new position in Element Solutions during the 4th quarter worth $24,169,000. Jennison Associates LLC purchased a new position in shares of Element Solutions in the 3rd quarter valued at $21,889,000. Finally, Appian Way Asset Management LP purchased a new position in shares of Element Solutions in the 3rd quarter valued at $14,553,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. BMO Capital Markets lifted their price target on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Truist Financial assumed coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Bank of America reiterated a “neutral” rating and issued 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Down 3.5 %

Element Solutions stock opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a 1-year low of $23.10 and a 1-year high of $29.78. The business has a fifty day moving average price of $25.78 and a 200-day moving average price of $26.34.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio is currently 31.37%.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.90% of the stock is currently owned by insiders.

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.