Mariner LLC Purchases 3,874 Shares of Element Solutions Inc (NYSE:ESI)

Mariner LLC lifted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,473 shares of the company’s stock after purchasing an additional 3,874 shares during the period. Mariner LLC’s holdings in Element Solutions were worth $1,462,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at $27,000. First Horizon Advisors Inc. raised its holdings in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after acquiring an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Element Solutions in the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust bought a new position in Element Solutions during the 4th quarter valued at $48,000. Finally, UMB Bank n.a. grew its position in Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Performance

Shares of NYSE ESI opened at $20.24 on Friday. Element Solutions Inc has a 1-year low of $16.77 and a 1-year 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 stock’s 50-day moving average is $22.84 and its 200 day moving average is $25.28. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, sell-side analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is currently 26.89%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays dropped their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. BMO Capital Markets decreased their price objective on Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and dropped their price target for the company from $28.00 to $24.00 in a research note on Monday, April 14th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, UBS Group cut their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and an average price target of $27.38.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.90% of the stock is owned by corporate insiders.

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.