Vest Financial LLC Acquires 13,141 Shares of Element Solutions Inc. $ESI

Vest Financial LLC increased its holdings in Element Solutions Inc. (NYSE:ESIFree Report) by 11.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 128,672 shares of the company’s stock after purchasing an additional 13,141 shares during the period. Vest Financial LLC’s holdings in Element Solutions were worth $3,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Element Solutions by 154.8% during the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after acquiring an additional 678 shares during the last quarter. Community Bank N.A. acquired a new stake in Element Solutions during the 3rd quarter worth about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions during the 3rd quarter worth about $41,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions during the 3rd quarter worth about $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Element Solutions in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Up 9.9%

Shares of Element Solutions stock opened at $42.62 on Thursday. The stock has a fifty day simple moving average of $35.16 and a 200 day simple moving average of $30.01. Element Solutions Inc. has a 12-month low of $19.74 and a 12-month high of $43.71. The company has a market capitalization of $10.38 billion, a P/E ratio of 53.96, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $764.16 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Element Solutions’s revenue was up 41.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Element Solutions Inc. will post 1.76 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 16th. Shareholders of record on Monday, March 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is 40.51%.

Analyst Ratings Changes

ESI has been the topic of several recent analyst reports. Bank of America boosted their price target on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price objective on shares of Element Solutions in a report on Monday, February 23rd. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $38.29.

View Our Latest Stock Report on Element Solutions

Insider Buying and Selling

In other Element Solutions news, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the completion of the sale, the director owned 147,832 shares in the company, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.

Key Stories Impacting Element Solutions

Here are the key news stories impacting Element Solutions this week:

Element Solutions Profile

(Free Report)

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.

Recommended Stories

Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc. (NYSE:ESIFree Report).

Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.