Schroder Investment Management Group Sells 145,285 Shares of Element Solutions Inc (NYSE:ESI)

Schroder Investment Management Group decreased its position in Element Solutions Inc (NYSE:ESI) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 961,017 shares of the company’s stock after selling 145,285 shares during the period. Schroder Investment Management Group’s holdings in Element Solutions were worth $24,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the 4th quarter worth $27,000. First Horizon Advisors Inc. increased its position in Element Solutions by 610.7% during 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 during the period. Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions in the 4th quarter worth approximately $48,000. Finally, UMB Bank n.a. raised its stake in Element Solutions by 98.8% in 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. Institutional investors own 92.32% of the company’s stock.

Insider Activity at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.90% of the stock is owned by corporate insiders.

Element Solutions Trading Up 0.6 %

ESI stock opened at $22.71 on Thursday. Element Solutions Inc has a 52-week low of $22.13 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm has a market cap of $5.51 billion, a P/E ratio of 22.26, a PEG ratio of 2.30 and a beta of 1.29. The company’s 50-day simple moving average is $25.46 and its 200-day simple moving average is $26.25.

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, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $624.20 million for 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%. As a group, equities analysts forecast that Element Solutions Inc will post 1.45 EPS 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 dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.41%. Element Solutions’s dividend payout ratio (DPR) is currently 31.37%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ESI. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays decreased their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four investment 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 MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

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.