Russell Investments Group Ltd. lowered its position in shares of Element Solutions Inc (NYSE:ESI – Free Report) by 10.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,015,052 shares of the company’s stock after selling 122,782 shares during the period. Russell Investments Group Ltd. owned approximately 0.42% of Element Solutions worth $19,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its position in shares of Element Solutions by 3.7% during the 4th quarter. Moors & Cabot Inc. now owns 15,250 shares of the company’s stock worth $370,000 after purchasing an additional 550 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Element Solutions by 9.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,974 shares of the company’s stock valued at $127,000 after purchasing an additional 622 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Element Solutions by 32.1% in the first quarter. Covestor Ltd now owns 2,845 shares of the company’s stock valued at $62,000 after purchasing an additional 692 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Element Solutions by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 98,561 shares of the company’s stock valued at $1,903,000 after purchasing an additional 700 shares in the last quarter. Finally, Donoghue Forlines LLC lifted its stake in shares of Element Solutions by 3.9% during the first quarter. Donoghue Forlines LLC now owns 19,012 shares of the company’s stock valued at $367,000 after buying an additional 719 shares during the period. Institutional investors and hedge funds own 90.27% of the company’s stock.
Element Solutions Stock Performance
Shares of ESI stock opened at $20.08 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 3.32. The company has a market capitalization of $4.85 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 3.01 and a beta of 1.31. The company’s 50 day moving average price is $19.55 and its two-hundred day moving average price is $19.23. Element Solutions Inc has a 52 week low of $15.31 and a 52 week high of $21.90.
Element Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, May 31st. Element Solutions’s dividend payout ratio is currently 56.14%.
Insider Transactions at Element Solutions
In other Element Solutions news, EVP Michael Goralski sold 28,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $19.07, for a total transaction of $533,960.00. Following the completion of the transaction, the executive vice president now owns 131,808 shares of the company’s stock, valued at $2,513,578.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Element Solutions news, CEO Benjamin Gliklich sold 166,293 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.49, for a total value of $3,074,757.57. Following the transaction, the chief executive officer now directly owns 654,915 shares of the company’s stock, valued at $12,109,378.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Goralski sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $19.07, for a total transaction of $533,960.00. Following the transaction, the executive vice president now directly owns 131,808 shares in the company, valued at $2,513,578.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 230,362 shares of company stock valued at $4,270,016. 7.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on ESI shares. StockNews.com began coverage on shares of Element Solutions in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho increased their price objective on shares of Element Solutions from $21.00 to $22.00 in a research note on Friday, July 28th. Finally, BMO Capital Markets initiated coverage on shares of Element Solutions in a research report on Tuesday, June 20th. They issued an “outperform” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.21.
Read Our Latest Stock Analysis on Element Solutions
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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