Element Solutions Inc (NYSE:ESI) Shares Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC increased its position in Element Solutions Inc (NYSE:ESI) by 24.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 99,760 shares of the company’s stock after acquiring an additional 19,539 shares during the period. Lighthouse Investment Partners LLC’s holdings in Element Solutions were worth $2,537,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ESI. Barclays PLC lifted its holdings in shares of Element Solutions by 96.0% in the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after buying an additional 52,973 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of Element Solutions by 20.3% during the fourth quarter. Moody National Bank Trust Division now owns 37,888 shares of the company’s stock valued at $963,000 after purchasing an additional 6,402 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Element Solutions during the fourth quarter valued at $1,947,000. Park Avenue Securities LLC lifted its holdings in shares of Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after purchasing an additional 26,753 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Element Solutions during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 0.3%

NYSE:ESI opened at $22.78 on Wednesday. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The business’s fifty day moving average price is $21.70 and its 200 day moving average price is $24.90. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was 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. This represents a 94.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ESI shares. Barclays reduced their target price on Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, April 28th. KeyCorp reduced their target price on Element Solutions from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Truist Financial raised Element Solutions from a “hold” rating to a “buy” rating and dropped their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. UBS Group dropped their price target on Element Solutions from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, BMO Capital Markets dropped their price target on Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Element Solutions has an average rating of “Moderate Buy” and a consensus target price of $26.38.

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.