PharVision Advisers LLC Invests $459,000 in Element Solutions Inc (NYSE:ESI)

PharVision Advisers LLC bought a new stake in shares of Element Solutions Inc (NYSE:ESI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 18,037 shares of the company’s stock, valued at approximately $459,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Element Solutions by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock worth $565,685,000 after purchasing an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock worth $132,468,000 after buying an additional 209,441 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock worth $127,825,000 after buying an additional 146,570 shares during the period. Geode Capital Management LLC boosted its holdings in Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock worth $90,456,000 after acquiring an additional 14,339 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC grew its stake in Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company’s stock valued at $80,727,000 after acquiring an additional 325,297 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of a number of recent research reports. KeyCorp cut their target price on Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. UBS Group reduced their price objective on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group decreased their target price on shares of Element Solutions from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, Barclays dropped their price target on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions has an average rating of “Moderate Buy” and an average price target of $26.38.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.90% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $22.17 on Wednesday. The company has a fifty day moving average price of $21.37 and a 200-day moving average price of $24.71. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.30 and a beta of 1.24. 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.

Element Solutions (NYSE:ESI) last released its quarterly 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 net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $593.70 million for the quarter, compared to analysts’ expectations of $576.73 million. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal 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.