37,667 Shares in Element Solutions Inc. $ESI Bought by Friedenthal Financial

Friedenthal Financial bought a new position in shares of Element Solutions Inc. (NYSE:ESI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,667 shares of the company’s stock, valued at approximately $948,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Johnson Investment Counsel Inc. increased its holdings 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 valued at $2,804,000 after acquiring an additional 114,605 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Element Solutions by 169.5% in the 1st quarter. Dark Forest Capital Management LP now owns 194,488 shares of the company’s stock worth $4,397,000 after purchasing an additional 122,320 shares during the last quarter. Comerica Bank boosted its position in Element Solutions by 436.5% during the first quarter. Comerica Bank now owns 90,870 shares of the company’s stock worth $2,055,000 after purchasing an additional 73,931 shares during the period. Walnut Level Capital LLC acquired a new position in Element Solutions during the second quarter valued at approximately $1,812,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Element Solutions by 48.1% in the first quarter. Cubist Systematic Strategies LLC now owns 244,447 shares of the company’s stock valued at $5,527,000 after purchasing an additional 79,433 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 0.8%

ESI stock opened at $25.54 on Wednesday. Element Solutions Inc. has a twelve month low of $16.77 and a twelve 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. The company has a market cap of $6.18 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33. The business’s 50-day simple moving average is $26.03 and its 200 day simple moving average is $25.05.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data 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 return on equity of 14.01% and a net margin of 9.58%.The company had revenue of $656.10 million during the quarter, compared to the consensus estimate of $645.13 million. During the same quarter last year, the company earned $0.39 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.3%. Element Solutions’s payout ratio is currently 32.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on ESI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, October 8th. BMO Capital Markets cut shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Truist Financial raised their price target on Element Solutions from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. CJS Securities raised Element Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, UBS Group increased their target price on Element Solutions from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

Insider Buying and Selling at Element Solutions

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

Element Solutions Profile

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.