Element Solutions Inc (NYSE:ESI) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC trimmed its position in shares of Element Solutions Inc (NYSE:ESI) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,174 shares of the company’s stock after selling 8,147 shares during the period. Element Solutions makes up about 1.3% of Moody Aldrich Partners LLC’s holdings, making the stock its 22nd largest holding. Moody Aldrich Partners LLC owned about 0.11% of Element Solutions worth $6,972,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ESI. True Wealth Design LLC acquired a new position in shares of Element Solutions during the 3rd quarter worth about $25,000. Quarry LP acquired a new stake in shares of Element Solutions during the second quarter worth about $31,000. Trust Co. of Vermont purchased a new position in Element Solutions during the 4th quarter worth approximately $43,000. UMB Bank n.a. increased its position in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after buying an additional 949 shares during the period. Finally, Copeland Capital Management LLC acquired a new position in shares of Element Solutions in the 3rd quarter valued at $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Truist Financial started coverage on Element Solutions in a research note on Tuesday. They set a “hold” rating and a $28.00 price target on the stock. Finally, Bank of America reaffirmed a “neutral” rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $25.42 on Wednesday. Element Solutions Inc has a 52 week low of $21.42 and a 52 week high of $29.78. The stock has a market cap of $6.15 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The company’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $26.44. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, sell-side analysts anticipate that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s payout ratio is 28.83%.

About Element Solutions

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.