Element Solutions (NYSE:ESI) Director Sells $7,884,000.00 in Stock

Element Solutions Inc. (NYSE:ESI) Director Ian Ashken sold 292,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 306,880 shares of the company’s stock, valued at approximately $8,285,760. This trade represents a 48.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Element Solutions Price Performance

Shares of ESI opened at $27.67 on Monday. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a market capitalization of $6.70 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.74 and a beta of 1.36. The firm has a 50 day moving average of $26.04 and a 200 day moving average of $24.04. The company has a quick ratio of 3.30, a current ratio of 4.05 and a debt-to-equity ratio of 0.61.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $656.10 million during the quarter, compared to analyst estimates of $645.13 million. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. As a group, equities research analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Element Solutions’s payout ratio is 32.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ESI shares. Mizuho set a $30.00 price target on shares of Element Solutions in a report on Wednesday, October 29th. Bank of America increased their price objective on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $27.00 target price (up previously from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. KeyCorp boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Fermium Researc raised Element Solutions to a “strong-buy” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. King Luther Capital Management Corp bought a new position in shares of Element Solutions during the 3rd quarter valued at approximately $200,000. Syon Capital LLC lifted its holdings in Element Solutions by 47.6% during the third quarter. Syon Capital LLC now owns 30,434 shares of the company’s stock valued at $766,000 after purchasing an additional 9,808 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Element Solutions by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after purchasing an additional 562,205 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Element Solutions by 18.5% in the third quarter. PNC Financial Services Group Inc. now owns 19,493 shares of the company’s stock worth $491,000 after purchasing an additional 3,048 shares during the period. Finally, New South Capital Management Inc. increased its stake in shares of Element Solutions by 1.3% in the third quarter. New South Capital Management Inc. now owns 2,546,952 shares of the company’s stock worth $64,107,000 after purchasing an additional 32,601 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

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.