Navellier & Associates Inc. Makes New $216,000 Investment in Element Solutions Inc (NYSE:ESI)

Navellier & Associates Inc. acquired a new position in shares of Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,475 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Element Solutions during the 3rd quarter worth $25,000. Trust Co. of Vermont bought a new position in Element Solutions during the 4th quarter worth $43,000. UMB Bank n.a. increased its position in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after buying an additional 949 shares during the period. Richardson Financial Services Inc. increased its position in Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after buying an additional 911 shares during the period. Finally, New York State Teachers Retirement System bought a new position in Element Solutions during the 4th quarter worth $87,000. Institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ESI shares. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Barclays decreased their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Bank of America restated a “neutral” rating and issued a $28.00 price target (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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Performance

NYSE:ESI opened at $26.53 on Monday. The stock’s 50-day simple moving average is $25.76 and its 200 day simple moving average is $26.36. The firm has a market capitalization of $6.43 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a twelve month low of $23.09 and a twelve month high of $29.78.

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 business had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. On average, analysts anticipate that Element Solutions Inc will post 1.45 EPS 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 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s payout ratio is 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.