Element Solutions Inc. $ESI Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in shares of Element Solutions Inc. (NYSE:ESI) by 72.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,440 shares of the company’s stock after selling 110,079 shares during the period. Harbor Capital Advisors Inc.’s holdings in Element Solutions were worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Element Solutions in the 2nd quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its position in Element Solutions by 154.8% in the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock worth $28,000 after acquiring an additional 678 shares during the period. First Horizon Advisors Inc. increased its stake 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 acquiring an additional 1,129 shares during the last quarter. American National Bank & Trust purchased a new stake in Element Solutions in the second quarter valued at $36,000. Finally, Fifth Third Bancorp lifted its stake in shares of Element Solutions by 462.5% in the 2nd quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after purchasing an additional 1,776 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of recent analyst reports. Fermium Researc raised Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. BMO Capital Markets cut shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, October 8th. CJS Securities raised shares of Element Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, KeyCorp lifted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Element Solutions Trading Up 0.2%

NYSE:ESI opened at $25.77 on Friday. The firm has a market cap of $6.24 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33. The stock has a fifty day moving average price of $26.04 and a 200 day moving average price of $25.08. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $27.97. The company has a current ratio of 4.05, a quick ratio of 3.28 and a debt-to-equity ratio of 0.61.

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

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 1.2%. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Insider Activity at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of Element Solutions 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 transaction, the insider owned 117,393 shares in the company, valued at $3,122,653.80. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 292,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total transaction of $7,884,000.00. Following the transaction, the director owned 306,880 shares of the company’s stock, valued at $8,285,760. This trade represents a 48.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is owned by company insiders.

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.