946,638 Shares in Element Solutions Inc (NYSE:ESI) Purchased by Boston Partners

Boston Partners acquired a new stake in Element Solutions Inc (NYSE:ESI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 946,638 shares of the company’s stock, valued at approximately $24,169,000. Boston Partners owned approximately 0.39% of Element Solutions at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ESI. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after purchasing an additional 209,441 shares in the last quarter. State Street Corp increased its stake in shares of Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock valued at $117,320,000 after buying an additional 230,793 shares during the period. Geode Capital Management LLC raised its position in shares of Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after acquiring an additional 18,791 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of Element Solutions by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 2,562,889 shares of the company’s stock valued at $65,174,000 after acquiring an additional 19,962 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its holdings in Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after acquiring an additional 1,529,607 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of research reports. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays reduced their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. 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 target price for the company. BMO Capital Markets raised their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down previously 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 company’s stock. According to MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Up 0.3 %

Shares of Element Solutions stock opened at $26.25 on Friday. The firm has a market cap of $6.36 billion, a PE ratio of 25.74, a P/E/G ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78. The business’s 50 day simple moving average is $25.78 and its 200 day simple moving average is $26.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

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 firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, analysts predict 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. Stockholders 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 dividend yield of 1.22%. Element Solutions’s dividend payout ratio is presently 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.