SG Americas Securities LLC Grows Stake in Element Solutions Inc. $ESI

SG Americas Securities LLC increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 265.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,445 shares of the company’s stock after purchasing an additional 35,903 shares during the period. SG Americas Securities LLC’s holdings in Element Solutions were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Element Solutions by 339.3% during the first quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock valued at $10,098,000 after acquiring an additional 344,950 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Element Solutions by 60.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock worth $42,825,000 after acquiring an additional 712,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Element Solutions by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock worth $19,726,000 after purchasing an additional 37,204 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Element Solutions during the first quarter worth approximately $400,000. Finally, Moody National Bank Trust Division raised its stake in Element Solutions by 8.7% in the 2nd quarter. Moody National Bank Trust Division now owns 41,192 shares of the company’s stock valued at $933,000 after purchasing an additional 3,304 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ian G. H. Ashken sold 292,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $27.00, for a total transaction of $7,884,000.00. Following the completion of the transaction, the director 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Liebowitz sold 37,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.90% of the company’s stock.

Element Solutions Stock Up 0.5%

ESI stock opened at $29.52 on Friday. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.75. The firm has a market cap of $7.14 billion, a PE ratio of 29.81, a PEG ratio of 1.25 and a beta of 1.28. The firm’s 50 day moving average price is $26.26 and its 200-day moving average price is $25.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $645.13 million. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Element Solutions’s dividend payout ratio is presently 32.32%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets lowered shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. KeyCorp boosted their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Bank of America upped their price target on Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $30.88.

Element Solutions Company 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.