Blue Zone Wealth Advisors LLC raised its position in Element Solutions Inc (Free Report) by 8.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 188,904 shares of the company's stock after purchasing an additional 15,358 shares during the period. Blue Zone Wealth Advisors LLC owned 0.08% of Element Solutions worth $4,271,000 at the end of the most recent quarter. n13e
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Element Solutions by 80.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after buying an additional 1,301,602 shares in the last quarter. FIL Ltd purchased a new stake in shares of Element Solutions in the fourth quarter valued at about $29,818,000. London Co. of Virginia acquired a new stake in Element Solutions during the fourth quarter worth about $29,800,000. Boston Partners acquired a new position in Element Solutions in the 4th quarter valued at about $24,169,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Element Solutions in the 4th quarter valued at approximately $13,573,000. Institutional investors and hedge funds own 92.32% of the company's stock.
A number of research analysts recently commented on the company. KeyCorp decreased their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their price target for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Wall Street Zen cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group cut their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Element Solutions has an average rating of "Moderate Buy" and a consensus price target of $26.38.
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In other Element Solutions news, Director this link. Insiders own 6.90% of the company's stock.
Shares of Element Solutions stock traded up $0.09 during trading hours on Tuesday, reaching $22.05. 1,232,748 shares of the company were exchanged, compared to its average volume of 1,969,062. Element Solutions Inc has a 1 year low of $16.77 and a 1 year high of $29.78. The firm has a market cap of $5.35 billion, a PE ratio of 21.61, a PEG ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock's fifty day moving average is $20.51 and its 200 day moving average is $24.01.
Element Solutions (Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.45%. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.
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.
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