Parkside Investments LLC has sold 7,325 shares of Element Solutions Inc (NYSE:ESI) during the second quarter, resulting in a 1.6% reduction in its holdings of the company. As of the most recent Securities & Exchange Commission filing, Parkside Investments LLC now owns 439,473 shares of Element Solutions, making it the 28th largest holding for the institutional investor. The total value of the shares sold amounts to $8,438,000. Other institutional investors and hedge funds have also made changes to their positions in Element Solutions. Machina Capital S.A.S. purchased a new position in the company in Q1, Belpointe Asset Management LLC acquired a stake in Q4, Covestor Ltd increased its holdings in Q1, Clear Street Markets LLC acquired a position in Q4, and MetLife Investment Management LLC also bought a position in Q1. Collectively, institutional investors and hedge funds currently own 91.05% of Element Solutions’ stock.
Analysts have set new price targets for Element Solutions. Mizuho raised its price objective from $21.00 to $22.00 in a research report. StockNews.com initiated coverage on the stock with a “hold” rating. BMO Capital Markets also initiated coverage on the stock and gave it an “outperform” rating with a price target of $23.00. Currently, the stock has an average rating of “Hold” with a consensus price target of $21.21.
Element Solutions’ stock was trading at $19.60 on Friday, with 226,865 shares traded. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44, and a current ratio of 3.32. It has a 12-month low of $15.31 and a 12-month high of $21.90. The company’s fifty-day simple moving average is $20.05, and its 200-day simple moving average is $19.16. It has a market cap of $4.73 billion, a P/E ratio of 34.46, a PEG ratio of 2.87, and a beta of 1.30.
Element Solutions recently announced a quarterly dividend of $0.08 per share to be paid on September 15th, with stockholders of record on September 1st being eligible for the dividend. The ex-dividend date for this dividend is August 31st. This represents an annualized dividend of $0.32 and a dividend yield of 1.63%. The company’s dividend payout ratio (DPR) is currently 56.14%.
Element Solutions Inc is a specialty chemicals company that operates in the United States, China, and internationally. It has two segments: Electronics and Industrial & Specialty. The Electronics segment develops and sells specialty chemicals and materials for various electronics hardware products.
Sources:
- https://www.streetinsider.com/Filing/Form+13F-HR+Eleventh+Street+Asset+Management%2C+LP+Form+13F+2020%3A+Q4+-+Initiated+New+Position+in+Element+Solutions+%28ESI%29/18433165.html
- https://www.marketbeat.com/stocks/NYSE/ESI/insider-trades/
- https://www.marketbeat.com/stocks/NYSE/ESI/
- https://www.marketbeat.com/stocks/NYSE/ESI/recommendations/