Nichelle Maynard-Elliott Sells 4,174 Shares of Element Solutions Inc (NYSE:ESI) Stock

Element Solutions Inc (NYSE:ESI) Director Nichelle Maynard-Elliott sold 4,174 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $19.61, for a total value of $81,852.14. Following the completion of the sale, the director now directly owns 24,789 shares of the company’s stock, valued at $486,112.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Element Solutions Stock Down 0.2 %

ESI stock traded down $0.04 during trading hours on Tuesday, hitting $19.57. The company’s stock had a trading volume of 1,149,217 shares, compared to its average volume of 1,317,077. The stock has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $19.13. Element Solutions Inc has a 12 month low of $15.31 and a 12 month high of $21.90. The company has a market capitalization of $4.73 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.90 and a beta of 1.30. The company has a quick ratio of 2.44, a current ratio of 3.32 and a debt-to-equity ratio of 0.87.

Element Solutions (NYSE:ESI) last posted its earnings results on Wednesday, July 26th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Element Solutions had a net margin of 5.90% and a return on equity of 13.13%. The firm had revenue of $586.10 million for the quarter, compared to the consensus estimate of $611.13 million. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s quarterly revenue was down 13.4% on a year-over-year basis. On average, equities research analysts expect that Element Solutions Inc will post 1.3 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.64%. Element Solutions’s dividend payout ratio (DPR) is presently 56.14%.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent analyst reports. BMO Capital Markets started coverage on Element Solutions in a report on Tuesday, June 20th. They set an “outperform” rating and a $23.00 price target on the stock. Mizuho lifted their target price on Element Solutions from $21.00 to $22.00 in a report on Friday, July 28th. Finally, StockNews.com assumed coverage on Element Solutions in a report on Thursday, August 17th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.21.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Machina Capital S.A.S. acquired a new position in Element Solutions in the first quarter valued at about $25,000. Parallel Advisors LLC grew its position in shares of Element Solutions by 47.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,713 shares of the company’s stock valued at $33,000 after purchasing an additional 554 shares during the period. Quadrant Capital Group LLC raised its holdings in Element Solutions by 8,131.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,811 shares of the company’s stock worth $35,000 after buying an additional 1,789 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Element Solutions in the fourth quarter valued at approximately $49,000. Finally, Covestor Ltd boosted its position in Element Solutions by 32.1% during the first quarter. Covestor Ltd now owns 2,845 shares of the company’s stock valued at $62,000 after purchasing an additional 692 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors.

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.