10,181 Shares in Element Solutions Inc (NYSE:ESI) Acquired by Numerai GP LLC

Numerai GP LLC bought a new position in shares of Element Solutions Inc (NYSE:ESI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,181 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESI. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions during the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares during the period. Trust Co. of Vermont acquired a new stake in Element Solutions in the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial raised shares of Element Solutions from a “hold” rating to a “buy” rating and reduced their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp decreased their price objective on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. UBS Group lowered their target price on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Barclays lowered their price objective on Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.38.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This represents a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Element Solutions Price Performance

Shares of ESI opened at $22.11 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78. The stock has a market cap of $5.36 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The firm has a fifty day moving average price of $21.55 and a 200 day moving average price of $24.84.

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

Element Solutions 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.