30,016 Shares in Element Solutions Inc. $ESI Purchased by Inscription Capital LLC

Inscription Capital LLC acquired a new stake in Element Solutions Inc. (NYSE:ESI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,016 shares of the company’s stock, valued at approximately $756,000.

A number of other large investors also recently bought and sold shares of ESI. Farther Finance Advisors LLC increased its position in shares of Element Solutions by 154.8% during the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after acquiring an additional 678 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Element Solutions in the 2nd quarter worth approximately $26,000. First Horizon Advisors Inc. boosted its position in shares of Element Solutions by 710.1% during the 2nd 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 period. American National Bank & Trust acquired a new stake in Element Solutions in the 2nd quarter valued at approximately $36,000. Finally, SJS Investment Consulting Inc. increased its holdings in Element Solutions by 6,693.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock valued at $50,000 after purchasing an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE ESI opened at $29.25 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.28. The stock’s 50-day moving average is $26.34 and its two-hundred day moving average is $25.75. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $29.75.

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

Element Solutions Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.1%. Element Solutions’s dividend payout ratio is currently 32.32%.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upped their price target on Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. KeyCorp increased their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. CJS Securities raised Element Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, October 8th. Finally, Bank of America raised their price objective on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Insiders Place Their Bets

In other news, insider Matthew Liebowitz sold 37,000 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 117,393 shares in the company, valued at approximately $3,122,653.80. This trade represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 292,000 shares of the business’s stock in a transaction 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 approximately $8,285,760. The trade was a 48.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is currently owned by company insiders.

About Element Solutions

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.