Duality Advisers LP Purchases Shares of 22,836 Element Solutions Inc (NYSE:ESI)

Duality Advisers LP purchased a new position in Element Solutions Inc (NYSE:ESI) during the 4th quarter, HoldingsChannel reports. The fund purchased 22,836 shares of the company’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Treasurer of the State of North Carolina grew its position in Element Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 98,021 shares of the company’s stock worth $1,922,000 after buying an additional 500 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Element Solutions by 1.5% during the fourth quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock worth $789,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 85.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares in the last quarter. Donoghue Forlines LLC increased its position in shares of Element Solutions by 4.3% in the third quarter. Donoghue Forlines LLC now owns 16,866 shares of the company’s stock worth $331,000 after purchasing an additional 691 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Element Solutions by 4.9% in the third quarter. Avantax Advisory Services Inc. now owns 15,123 shares of the company’s stock valued at $297,000 after purchasing an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $23.68 on Friday. The company has a 50-day simple moving average of $24.19 and a two-hundred day simple moving average of $22.20. Element Solutions Inc has a 12-month low of $17.08 and a 12-month high of $25.81. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 2.05 and a beta of 1.32. The company has a quick ratio of 2.43, a current ratio of 3.24 and a debt-to-equity ratio of 0.82.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $573.40 million during the quarter, compared to analysts’ expectations of $590.43 million. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. Element Solutions’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. On average, equities analysts forecast that Element Solutions Inc will post 1.4 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, February 29th. Element Solutions’s payout ratio is 65.31%.

Insider Activity at Element Solutions

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Carey J. Dorman sold 1,410 shares of Element Solutions stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the sale, the chief financial officer now owns 177,113 shares in the company, valued at $4,109,021.60. The disclosure for this sale can be found here. Insiders sold 97,203 shares of company stock worth $2,255,110 in the last three months. 7.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wolfe Research started coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Mizuho lowered their price target on Element Solutions from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Barclays lifted their price target on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.60.

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.