Element Solutions (NYSE:ESI) Insider Sells $984,200.00 in Stock

Element Solutions Inc. (NYSE:ESI) insider Matthew Liebowitz sold 37,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the transaction, the insider directly 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Matthew Liebowitz also recently made the following trade(s):

• On Wednesday, September 17th, Matthew Liebowitz sold 50,000 shares of Element Solutions stock. The stock was sold at an average price of $26.55, for a total transaction of $1,327,500.00.

Element Solutions Stock Down 4.8%

ESI opened at $26.32 on Monday. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $27.97. The company’s 50-day moving average price is $26.06 and its two-hundred day moving average price is $24.85. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.32 and a beta of 1.33. The company has a quick ratio of 3.28, a current ratio of 4.05 and a debt-to-equity ratio of 0.61.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 EPS 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 company had revenue of $656.10 million for the quarter, compared to analysts’ expectations of $645.13 million. During the same quarter in the previous year, the firm posted $0.39 EPS. Element Solutions’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. Element Solutions’s payout ratio is presently 32.32%.

Analyst Ratings Changes

Several research firms have recently weighed in on ESI. UBS Group increased their price target on Element Solutions from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, October 8th. 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. Mizuho dropped their price target on shares of Element Solutions from $31.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, BMO Capital Markets raised their price objective on shares of Element Solutions from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.75.

Institutional Trading of Element Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of ESI. Elevation Point Wealth Partners LLC bought a new position in Element Solutions in the 2nd quarter valued at $26,000. Farther Finance Advisors LLC grew its position in Element Solutions by 154.8% during the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock worth $28,000 after buying an additional 678 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Element Solutions by 710.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after acquiring an additional 1,129 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of Element Solutions in the 3rd quarter valued at about $33,000. Finally, American National Bank & Trust bought a new stake in shares of Element Solutions during the 2nd quarter valued at about $36,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

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.