OneAscent Wealth Management LLC Makes New Investment in Element Solutions Inc. $ESI

OneAscent Wealth Management LLC bought a new stake in Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,926 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently made changes to their positions in ESI. First Horizon Advisors Inc. boosted its holdings in Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after purchasing an additional 1,129 shares during the last quarter. American National Bank & Trust bought a new position in shares of Element Solutions during the 2nd quarter worth approximately $36,000. SVB Wealth LLC purchased a new position in shares of Element Solutions in the 1st quarter worth approximately $37,000. Fifth Third Bancorp grew its holdings in shares of Element Solutions by 462.5% in the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Element Solutions by 940.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock valued at $52,000 after acquiring an additional 2,060 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Element Solutions

In other news, EVP John Edward Capps sold 77,674 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $26.77, for a total value of $2,079,332.98. Following the completion of the transaction, the executive vice president directly owned 609,790 shares of the company’s stock, valued at $16,324,078.30. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carey J. Dorman sold 40,725 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $26.66, for a total value of $1,085,728.50. Following the sale, the executive vice president owned 214,837 shares in the company, valued at approximately $5,727,554.42. The trade was a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 460,399 shares of company stock worth $12,376,561. 6.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. UBS Group lifted their target price on Element Solutions from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. Mizuho set a $30.00 price objective on shares of Element Solutions in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $30.88.

Element Solutions Trading Up 3.4%

Shares of Element Solutions stock opened at $27.67 on Friday. The stock has a market capitalization of $6.70 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.74 and a beta of 1.36. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.30 and a current ratio of 4.05. The stock’s 50-day simple moving average is $26.04 and its 200 day simple moving average is $23.97.

Element Solutions (NYSE:ESI) last posted its earnings results 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 net margin of 9.58% and a return on equity of 14.01%. The firm had revenue of $656.10 million during the quarter, compared to the consensus estimate of $645.13 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

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

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.