EntryPoint Capital LLC Makes New Investment in Element Solutions Inc (NYSE:ESI)

EntryPoint Capital LLC purchased a new stake in shares of Element Solutions Inc (NYSE:ESI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,921 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of ESI. Park Avenue Securities LLC raised its holdings in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after purchasing an additional 26,753 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Element Solutions by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company’s stock worth $59,224,000 after buying an additional 29,253 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company’s stock worth $1,900,000 after buying an additional 11,702 shares in the last quarter. Entropy Technologies LP acquired a new stake in Element Solutions in the 4th quarter valued at about $433,000. Finally, Barclays PLC increased its holdings in Element Solutions by 96.0% during the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after acquiring an additional 52,973 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Truist Financial initiated coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Bank of America reiterated a “neutral” rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Insider Activity at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the firm’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 in the company, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by insiders.

Element Solutions Stock Down 2.7 %

ESI opened at $22.96 on Friday. Element Solutions Inc has a 12 month low of $22.71 and a 12 month high of $29.78. The business has a 50-day moving average of $25.67 and a two-hundred day moving average of $26.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

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

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is currently 31.37%.

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.