Element Solutions Inc. $ESI Stock: Moody Aldrich Partners LLC Cuts Stake

Key Points

• Moody Aldrich Partners cut its Element Solutions stake by 97.1% in the third quarter, selling 215,078 shares and retaining 6,345 shares valued at approximately $230,000. Institutional investors collectively own 92.32% of ESI.
• Element Solutions reported quarterly earnings of $0.50 per share, exceeding estimates of $0.48, while revenue reached $995.3 million, up 51.7% year over year and above analyst expectations.
• ESI shares opened at $35.35, down 1.2%, while analysts maintained a consensus “Buy” rating with an average price target of $46.36. The company also pays a quarterly dividend of $0.08, yielding about 0.9% annually.

Moody Aldrich Partners LLC lessened its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 97.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,345 shares of the company's stock after selling 215,078 shares during the quarter. Moody Aldrich Partners LLC's holdings in Element Solutions were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESI. Integrated Wealth Concepts LLC purchased a new stake in shares of Element Solutions in the second quarter worth about $27,000. Assetmark Inc. increased its position in shares of Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company's stock worth $27,000 after purchasing an additional 468 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Element Solutions by 373.1% in the 3rd quarter. Fortitude Family Office LLC now owns 932 shares of the company's stock worth $34,000 after buying an additional 735 shares during the last quarter. NewEdge Advisors LLC raised its position in Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock valued at $32,000 after purchasing an additional 346 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Element Solutions during the 2nd quarter valued at about $63,000. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 1.2%

ESI opened at $35.35 on Friday. Element Solutions Inc. has a one year low of $22.86 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.78 and a quick ratio of 2.06. The business has a 50 day simple moving average of $35.23 and a two-hundred day simple moving average of $36.74. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.20 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $964.23 million. During the same period last year, the company earned $0.41 EPS. The business's quarterly revenue was up 51.7% compared to the same quarter last year. Analysts predict that Element Solutions Inc. will post 1.85 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.08 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions's payout ratio is 37.65%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated an "outperform" rating and set a $45.00 target price on shares of Element Solutions in a report on Monday, September 21st. William Blair set a $48.00 target price on shares of Element Solutions in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Element Solutions from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. The Goldman Sachs Group initiated coverage on shares of Element Solutions in a research report on Friday, September 11th. They set a "buy" rating and a $44.00 price target for the company. Finally, Bank of America initiated coverage on shares of Element Solutions in a research report on Tuesday, September 1st. They set a "buy" rating and a $42.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $46.36.

Element Solutions Profile

Element Solutions Inc NYSE: ESI is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.

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