24,314 Shares in Element Solutions Inc. $ESI Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC bought a new stake in Element Solutions Inc. (NYSE:ESI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 24,314 shares of the company’s stock, valued at approximately $612,000.

Other hedge funds have also modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Element Solutions in the 2nd quarter worth about $26,000. First Horizon Advisors Inc. raised its holdings in shares of Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after buying an additional 1,129 shares during the last quarter. American National Bank & Trust bought a new position in Element Solutions in the 2nd quarter worth approximately $36,000. SVB Wealth LLC acquired a new position in shares of Element Solutions during the first quarter valued at $37,000. Finally, Fifth Third Bancorp lifted its stake in shares of Element Solutions by 462.5% in the 2nd quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock worth $49,000 after acquiring an additional 1,776 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Down 0.8%

Shares of NYSE ESI opened at $25.18 on Friday. The business has a fifty day moving average of $25.99 and a two-hundred day moving average of $24.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $27.97. The stock has a market cap of $6.09 billion, a PE ratio of 25.43, a PEG ratio of 1.26 and a beta of 1.33.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $656.10 million during the quarter, compared to the consensus estimate of $645.13 million. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. As a group, equities research analysts expect that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

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 $0.08 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Insider Transactions at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the transaction, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This represents a 23.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 292,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were 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 owned 306,880 shares of the company’s stock, valued at $8,285,760. The trade was a 48.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, October 8th. BMO Capital Markets cut shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday. Truist Financial increased their price target on shares of Element Solutions from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on Element Solutions from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Mizuho decreased their price objective on shares of Element Solutions from $31.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Element Solutions 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.