Blue Zone Wealth Advisors LLC Increases Holdings in Element Solutions Inc (NYSE:ESI)

Blue Zone Wealth Advisors LLC lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 2.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 173,546 shares of the company’s stock after buying an additional 3,949 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Element Solutions were worth $4,413,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of Element Solutions during the 3rd quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in Element Solutions in the 4th quarter valued at approximately $43,000. UMB Bank n.a. lifted its stake in 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 buying an additional 949 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in Element Solutions by 77.5% in the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after buying an additional 911 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Element Solutions in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Truist Financial initiated coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays reduced their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Trading Up 0.1 %

ESI stock opened at $26.11 on Friday. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.17 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $25.84 and a 200-day simple moving average of $26.30. Element Solutions Inc has a 52 week low of $21.42 and a 52 week high of $29.78.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. Element Solutions’s payout ratio is 28.83%.

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.