Assenagon Asset Management S.A. bought a new stake in Element Solutions Inc (NYSE:ESI – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 782,768 shares of the company’s stock, valued at approximately $15,115,000. Assenagon Asset Management S.A. owned approximately 0.32% of Element Solutions as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ESI. Neuberger Berman Group LLC grew its position in Element Solutions by 2,609.2% in the 4th quarter. Neuberger Berman Group LLC now owns 1,635,422 shares of the company’s stock valued at $29,748,000 after buying an additional 1,575,056 shares in the last quarter. Norges Bank acquired a new stake in Element Solutions in the 4th quarter valued at about $23,205,000. Vanguard Group Inc. lifted its holdings in Element Solutions by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 20,627,823 shares of the company’s stock valued at $451,749,000 after acquiring an additional 984,222 shares during the last quarter. First Trust Advisors LP lifted its holdings in Element Solutions by 88.0% in the 1st quarter. First Trust Advisors LP now owns 1,466,618 shares of the company’s stock valued at $32,119,000 after acquiring an additional 686,317 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Element Solutions by 81.4% in the 4th quarter. Morgan Stanley now owns 1,150,024 shares of the company’s stock valued at $20,919,000 after acquiring an additional 516,212 shares during the last quarter. Institutional investors own 90.27% of the company’s stock.
Insider Transactions at Element Solutions
In other news, EVP Michael Goralski sold 28,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $19.07, for a total value of $533,960.00. Following the completion of the sale, the executive vice president now directly owns 131,808 shares of the company’s stock, valued at $2,513,578.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Goralski sold 28,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $19.07, for a total value of $533,960.00. Following the completion of the sale, the executive vice president now directly owns 131,808 shares of the company’s stock, valued at $2,513,578.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Carey J. Dorman sold 3,656 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $18.00, for a total transaction of $65,808.00. Following the completion of the sale, the chief financial officer now directly owns 153,222 shares of the company’s stock, valued at $2,757,996. The disclosure for this sale can be found here. Insiders sold 230,362 shares of company stock valued at $4,270,016 over the last three months. 7.90% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Element Solutions Price Performance
ESI stock opened at $19.20 on Friday. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.79. Element Solutions Inc has a one year low of $15.31 and a one year high of $21.90. The firm has a market capitalization of $4.64 billion, a PE ratio of 27.04, a P/E/G ratio of 1.75 and a beta of 1.31. The firm has a 50-day moving average of $18.40 and a two-hundred day moving average of $18.98.
Element Solutions (NYSE:ESI – Free Report) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Element Solutions had a net margin of 7.12% and a return on equity of 13.77%. The company had revenue of $574.40 million during the quarter, compared to analyst estimates of $593.42 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 15.6% on a year-over-year basis. On average, analysts forecast that Element Solutions Inc will post 1.38 earnings per share for the current year.
Element Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, May 31st. Element Solutions’s dividend payout ratio (DPR) is 45.07%.
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.
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