Navellier & Associates Inc. Acquires New Holdings in Element Solutions Inc (NYSE:ESI)

Navellier & Associates Inc. acquired a new stake in Element Solutions Inc (NYSE:ESI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,475 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Forte Capital LLC ADV grew its position in shares of Element Solutions by 6.9% in the 4th 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 during the period. Ieq Capital LLC grew its position in shares of Element Solutions by 305.3% in the 4th quarter. Ieq Capital LLC now owns 39,861 shares of the company’s stock valued at $1,014,000 after purchasing an additional 30,027 shares during the period. Global Retirement Partners LLC boosted its position in Element Solutions by 296.5% during the 4th quarter. Global Retirement Partners LLC now owns 14,015 shares of the company’s stock worth $356,000 after acquiring an additional 10,480 shares during the last quarter. Truist Financial Corp boosted its position in Element Solutions by 3.1% during the 4th quarter. Truist Financial Corp now owns 168,736 shares of the company’s stock worth $4,291,000 after acquiring an additional 5,052 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Element Solutions during the 4th quarter worth approximately $395,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Trading Down 2.1 %

NYSE ESI opened at $26.53 on Monday. Element Solutions Inc has a 12 month low of $23.09 and a 12 month high of $29.78. The stock has a 50 day moving average of $25.76 and a 200-day moving average of $26.36. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The company has a market cap of $6.43 billion, a PE ratio of 26.01, a PEG ratio of 2.30 and a beta of 1.30.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. On average, equities research analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ESI shares. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays reduced their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. 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 for the company. Finally, BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Element Solutions currently has an average rating of “Moderate Buy” and an average price target of $30.14.

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.