SRS Capital Advisors Inc. Increases Stock Position in Element Solutions Inc (NYSE:ESI)

SRS Capital Advisors Inc. boosted its holdings in Element Solutions Inc (NYSE:ESI) by 1,466.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,589 shares of the company’s stock after purchasing an additional 4,296 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Element Solutions were worth $117,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its stake in Element Solutions by 79.0% in the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after purchasing an additional 26,753 shares during the period. Cerity Partners LLC increased its position in Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after acquiring an additional 49,466 shares during the period. Entropy Technologies LP acquired a new position in Element Solutions in the 4th quarter valued at about $433,000. Barclays PLC raised 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 acquiring an additional 52,973 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after acquiring an additional 1,369,981 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ESI. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. 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 report on Monday, December 16th. Truist Financial assumed coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. Finally, Bank of America restated a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Four investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Trading Up 3.0 %

Shares of ESI opened at $25.34 on Thursday. The firm’s 50-day moving average is $25.74 and its two-hundred day moving average is $26.37. Element Solutions Inc has a twelve month low of $23.10 and a twelve month high of $29.78. 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 firm has a market capitalization of $6.14 billion, a P/E ratio of 24.84, a PEG ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 14.68% and a net margin of 9.94%. On average, research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 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.