EverSource Wealth Advisors LLC Purchases 1,963 Shares of Element Solutions Inc (NYSE:ESI)

EverSource Wealth Advisors LLC boosted its position in Element Solutions Inc (NYSE:ESI) by 53.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,649 shares of the company’s stock after acquiring an additional 1,963 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Element Solutions were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. Arizona State Retirement System raised its position in shares of Element Solutions by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock valued at $1,698,000 after buying an additional 545 shares during the last quarter. Equitable Trust Co. increased its stake in Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock valued at $867,000 after acquiring an additional 576 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Element Solutions by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company’s stock valued at $169,000 after purchasing an additional 684 shares during the period. Forte Capital LLC ADV raised its stake in shares of Element Solutions by 6.9% in the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company’s stock valued at $326,000 after purchasing an additional 830 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Element Solutions during the third quarter worth $25,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ESI shares. Bank of America restated a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price 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. Barclays reduced their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, 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 on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Element Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Stock Up 1.9 %

NYSE:ESI opened at $26.61 on Tuesday. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock’s fifty day moving average price is $25.74 and its two-hundred day moving average price is $26.35. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business 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%. On average, analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, March 3rd. Element Solutions’s dividend payout ratio is 31.37%.

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.