Matthew Liebowitz Sells 37,000 Shares of Element Solutions (NYSE:ESI) Stock

Element Solutions Inc. (NYSE:ESI) insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction 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. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value of $1,327,500.00.

Element Solutions Trading Down 4.8%

Shares of ESI opened at $26.32 on Friday. The stock’s fifty day simple moving average is $26.06 and its 200-day simple moving average is $24.82. The firm has a market capitalization of $6.37 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $27.97. 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 announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.The firm had revenue of $656.10 million during the quarter, compared to analysts’ expectations of $645.13 million. During the same period in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on ESI. Mizuho lowered their target price 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. Bank of America raised their price target on Element Solutions from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. UBS Group upped their price objective on Element Solutions from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Truist Financial increased their target price on Element Solutions from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Fermium Researc upgraded Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESI. Vanguard Group Inc. grew its position in shares of Element Solutions by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company’s stock valued at $563,732,000 after purchasing an additional 2,688,056 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Element Solutions by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after buying an additional 139,751 shares during the period. Gates Capital Management Inc. increased its position in shares of Element Solutions by 101.9% during the first quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company’s stock worth $122,653,000 after acquiring an additional 2,738,250 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Element Solutions by 68.6% during the third quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock worth $123,905,000 after acquiring an additional 2,003,724 shares during the period. Finally, Locust Wood Capital Advisers LLC lifted its position in Element Solutions by 9.6% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 4,722,464 shares of the company’s stock valued at $118,864,000 after acquiring an additional 413,834 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.