Element Solutions Inc (NYSE:ESI) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC reduced its position in Element Solutions Inc (NYSE:ESI) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,752 shares of the company’s stock after selling 17,070 shares during the quarter. Headlands Technologies LLC’s holdings in Element Solutions were worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC purchased a new position in shares of Element Solutions in the fourth quarter valued at approximately $27,000. 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 valued at $29,000 after buying an additional 971 shares during the period. Trust Co. of Vermont acquired a new position in shares of Element Solutions in the fourth quarter worth $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions during the fourth quarter worth $48,000. Finally, UMB Bank n.a. raised its stake in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after acquiring an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 7.90% of the company’s stock.

Element Solutions Trading Down 9.4 %

NYSE ESI opened at $18.24 on Friday. The firm’s fifty day moving average price is $25.18 and its 200 day moving average price is $26.16. Element Solutions Inc has a 12 month low of $17.72 and a 12 month high of $29.78. 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 company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $598.24 million. On average, sell-side analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.

Wall Street Analysts Forecast Growth

ESI has been the topic of several recent research reports. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America restated a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. KeyCorp initiated coverage on shares of Element Solutions in a research note on Thursday. They issued an “overweight” rating and a $29.00 price target for the company. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Truist Financial began coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

About Element Solutions

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.