Element Solutions Inc. $ESI Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 265.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,445 shares of the company’s stock after purchasing an additional 35,903 shares during the period. SG Americas Securities LLC’s holdings in Element Solutions were worth $1,245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ESI. Johnson Investment Counsel Inc. lifted its position in shares of Element Solutions by 1,245.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 123,805 shares of the company’s stock worth $2,804,000 after purchasing an additional 114,605 shares during the last quarter. Walnut Level Capital LLC purchased a new position in Element Solutions in the second quarter valued at $1,812,000. Assenagon Asset Management S.A. acquired a new stake in Element Solutions in the second quarter valued at $1,001,000. World Investment Advisors purchased a new stake in Element Solutions during the 3rd quarter worth about $1,185,000. Finally, Castleark Management LLC boosted its position in shares of Element Solutions by 135.5% during the 2nd quarter. Castleark Management LLC now owns 237,310 shares of the company’s stock worth $5,375,000 after acquiring an additional 136,540 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Ian G. H. Ashken sold 292,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total transaction of $7,884,000.00. Following the completion of the sale, the director directly owned 306,880 shares of the company’s stock, valued at approximately $8,285,760. This trade represents a 48.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Liebowitz sold 37,000 shares of Element Solutions stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the transaction, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This trade represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.90% of the company’s stock.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $29.52 on Friday. The firm’s fifty day simple moving average is $26.26 and its 200-day simple moving average is $25.63. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.25 and a beta of 1.28. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The firm had revenue of $656.10 million during the quarter, compared to analysts’ expectations of $645.13 million. During the same quarter in the prior year, the business earned $0.39 EPS. Element Solutions’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. Element Solutions’s dividend payout ratio is 32.32%.

Analyst Upgrades and Downgrades

ESI has been the topic of several research analyst reports. Mizuho cut their target price on Element Solutions from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Truist Financial raised their price objective on shares of Element Solutions from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. BMO Capital Markets cut shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.88.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.