Russell Investments Group Ltd. Has $12.94 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Russell Investments Group Ltd. decreased its position in Element Solutions Inc (NYSE:ESI) by 36.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,264 shares of the company’s stock after selling 319,441 shares during the period. Russell Investments Group Ltd. owned about 0.23% of Element Solutions worth $12,941,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock worth $108,390,000 after purchasing an additional 188,350 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of Element Solutions by 3.6% during the 4th quarter. Iridian Asset Management LLC CT now owns 280,935 shares of the company’s stock valued at $6,501,000 after acquiring an additional 9,758 shares in the last quarter. Clearbridge Investments LLC increased its stake in Element Solutions by 12.6% in the third quarter. Clearbridge Investments LLC now owns 1,644,155 shares of the company’s stock valued at $32,242,000 after acquiring an additional 183,562 shares during the period. Northern Trust Corp raised its position in Element Solutions by 2.7% in the third quarter. Northern Trust Corp now owns 1,730,459 shares of the company’s stock worth $33,934,000 after purchasing an additional 45,752 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Element Solutions by 47.2% during the third quarter. Invesco Ltd. now owns 4,403,980 shares of the company’s stock worth $86,362,000 after purchasing an additional 1,412,706 shares during the period. Institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ESI shares. TheStreet upgraded Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Barclays boosted their target price on shares of Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Mizuho increased their target price on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Element Solutions Trading Up 0.9 %

ESI opened at $23.82 on Friday. Element Solutions Inc has a 1-year low of $17.53 and a 1-year high of $25.81. The stock has a market capitalization of $5.77 billion, a PE ratio of 44.11, a PEG ratio of 1.86 and a beta of 1.32. The company has a current ratio of 3.63, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $24.20 and a two-hundred day moving average price of $22.41.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business had revenue of $575.00 million during the quarter, compared to analyst estimates of $588.17 million. During the same quarter last year, the business posted $0.30 earnings per share. Element Solutions’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions Inc will post 1.39 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Insider Activity at Element Solutions

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Element Solutions news, CFO Carey J. Dorman sold 14,774 shares of Element Solutions stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $342,756.80. Following the completion of the sale, the chief financial officer now owns 171,551 shares of the company’s stock, valued at approximately $3,979,983.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Goralski sold 1,169 shares of the 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 completion of the transaction, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The disclosure for this sale can be found here. Insiders have sold a total of 97,203 shares of company stock worth $2,255,110 over the last 90 days. Insiders own 7.90% of the company’s stock.

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.