Moors & Cabot Inc. Sells 5,750 Shares of Element Solutions Inc (NYSE:ESI)

Moors & Cabot Inc. cut its holdings in Element Solutions Inc (NYSE:ESI) by 39.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,800 shares of the company’s stock after selling 5,750 shares during the period. Moors & Cabot Inc.’s holdings in Element Solutions were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ESI. Park Avenue Securities LLC grew its stake in shares of Element Solutions by 79.0% in the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after buying an additional 26,753 shares during the period. Cerity Partners LLC boosted its stake in Element Solutions by 40.4% during the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after purchasing an additional 49,466 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Element Solutions by 18.6% during the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company’s stock valued at $1,900,000 after purchasing an additional 11,702 shares during the last quarter. Entropy Technologies LP acquired a new position in Element Solutions during the 4th quarter valued at about $433,000. Finally, Barclays PLC boosted its stake 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 purchasing an additional 52,973 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Element Solutions Trading Up 3.7 %

NYSE:ESI opened at $26.17 on Monday. 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 stock has a market capitalization of $6.34 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The firm’s 50 day moving average is $25.72 and its 200 day moving average is $26.35. Element Solutions Inc has a 12 month low of $23.10 and a 12 month high of $29.78.

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

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Analysts Set New Price Targets

A number of research firms have issued reports on ESI. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Bank of America restated a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Truist Financial began coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Company 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.