Clearbridge Investments LLC Sells 49,035 Shares of Element Solutions Inc. $ESI

Clearbridge Investments LLC lowered its position in Element Solutions Inc. (NYSE:ESI) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,739,797 shares of the company’s stock after selling 49,035 shares during the quarter. Clearbridge Investments LLC owned 0.72% of Element Solutions worth $43,478,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Syon Capital LLC raised its holdings in shares of Element Solutions by 26.0% in the 4th quarter. Syon Capital LLC now owns 38,354 shares of the company’s stock worth $958,000 after buying an additional 7,920 shares in the last quarter. Capital World Investors raised its holdings in shares of Element Solutions by 3.8% in the 4th quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock worth $85,097,000 after buying an additional 123,244 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions in the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its holdings in shares of Element Solutions by 16.4% in the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after buying an additional 345 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Element Solutions by 360.9% in the 4th quarter. State of Wyoming now owns 2,959 shares of the company’s stock worth $74,000 after buying an additional 2,317 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Freedom Capital raised Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. KeyCorp increased their target price on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Truist Financial increased their target price on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group increased their target price on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Trading Up 2.8%

ESI stock opened at $41.28 on Wednesday. The business has a fifty day moving average price of $39.87 and a 200 day moving average price of $33.08. Element Solutions Inc. has a fifty-two week low of $20.95 and a fifty-two week high of $45.51. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 66.58, a P/E/G ratio of 1.40 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 41.5% on a year-over-year basis. Analysts expect that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is currently 51.61%.

Element Solutions Company Profile

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.