Dana Investment Advisors Inc. Trims Stock Position in Element Solutions Inc (NYSE:ESI)

Dana Investment Advisors Inc. cut its stake in Element Solutions Inc (NYSE:ESI) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,559 shares of the company’s stock after selling 737 shares during the period. Dana Investment Advisors Inc.’s holdings in Element Solutions were worth $1,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in Element Solutions by 79.0% in the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after acquiring an additional 26,753 shares during the last quarter. Cerity Partners LLC lifted its position in Element Solutions by 40.4% in the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after acquiring an additional 49,466 shares during the last quarter. Entropy Technologies LP purchased a new stake in Element Solutions in the fourth quarter valued at $433,000. Barclays PLC lifted its position in Element Solutions by 96.0% in the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after acquiring an additional 52,973 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after acquiring an additional 1,369,981 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Trading Up 0.6 %

Shares of Element Solutions stock opened at $24.82 on Friday. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company’s 50-day simple moving average is $25.71 and its 200-day simple moving average is $26.36. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. As a group, equities research analysts anticipate that Element Solutions Inc will post 1.45 earnings per share for the current 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ESI. Barclays reduced their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Truist Financial started coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price for the company. Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

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.