Natixis Advisors LLC Raises Holdings in Element Solutions Inc (NYSE:ESI)

Natixis Advisors LLC boosted its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,065,504 shares of the company’s stock after acquiring an additional 19,055 shares during the quarter. Natixis Advisors LLC owned 0.44% of Element Solutions worth $27,096,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swiss National Bank increased its holdings in shares of Element Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 452,389 shares of the company’s stock valued at $11,504,000 after purchasing an additional 3,500 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock valued at $287,000 after buying an additional 430 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Element Solutions by 53.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,649 shares of the company’s stock valued at $144,000 after buying an additional 1,963 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Element Solutions by 119.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 93,828 shares of the company’s stock worth $2,386,000 after acquiring an additional 51,084 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Element Solutions by 8.6% during the 4th quarter. HighTower Advisors LLC now owns 12,890 shares of the company’s stock worth $328,000 after acquiring an additional 1,020 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ESI shares. Truist Financial started 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 reaffirmed a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays reduced their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Up 1.9 %

Shares of NYSE ESI opened at $26.61 on Tuesday. The stock has a market cap of $6.45 billion, a PE ratio of 26.08, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The company has a 50-day moving average of $25.74 and a 200 day moving average of $26.35.

Element Solutions (NYSE:ESI) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $598.24 million. As a group, sell-side analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. Element Solutions’s payout ratio is 31.37%.

About Element Solutions

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.