Moors & Cabot Inc. Has $224,000 Position in Element Solutions Inc (NYSE:ESI)

Moors & Cabot Inc. lowered its stake in shares of Element Solutions Inc (NYSE:ESI) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the company’s stock after selling 5,750 shares during the quarter. Moors & Cabot Inc.’s holdings in Element Solutions were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the 3rd quarter valued at $25,000. First Horizon Advisors Inc. boosted its holdings in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $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 in the 4th quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions in the 4th quarter valued at $48,000. Finally, UMB Bank n.a. boosted its holdings in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ESI shares. Truist Financial started coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America reissued a “neutral” rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Barclays cut their price objective 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, BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Stock Up 3.7 %

Shares of NYSE:ESI opened at $26.17 on Monday. The firm has a market cap of $6.34 billion, a P/E ratio of 25.65, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The business has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $26.35.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

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

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.