Forte Capital LLC ADV Raises Holdings in Element Solutions Inc (NYSE:ESI)

Forte Capital LLC ADV increased its holdings in Element Solutions Inc (NYSE:ESI) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,800 shares of the company’s stock after acquiring an additional 830 shares during the period. Forte Capital LLC ADV’s holdings in Element Solutions were worth $326,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. grew its position in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock worth $132,468,000 after acquiring an additional 209,441 shares during the period. State Street Corp boosted its position in shares of Element Solutions by 5.6% during the third quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after buying an additional 230,793 shares during the period. Geode Capital Management LLC boosted its position in shares of Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after buying an additional 18,791 shares during the period. Ilex Capital Partners UK LLP boosted its position in shares of Element Solutions by 162.7% during the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after buying an additional 1,529,607 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Element Solutions by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock worth $62,458,000 after buying an additional 38,859 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Down 2.1 %

Shares of NYSE ESI opened at $26.53 on Friday. The stock has a market cap of $6.43 billion, a P/E ratio of 26.01, a PEG ratio of 2.33 and a beta of 1.30. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 12-month low of $23.09 and a 12-month high of $29.78. The business’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $26.33.

Element Solutions (NYSE:ESI) last posted 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. 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 for the quarter, compared to analysts’ expectations of $598.24 million. As a group, equities analysts predict that Element Solutions Inc will post 1.46 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 1.21%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio is presently 31.37%.

Analyst Ratings Changes

Several research analysts have recently commented on ESI shares. BMO Capital Markets raised 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 restated 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. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Four equities research 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 company’s stock. According to MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

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.