Moody Aldrich Partners LLC Trims Stock Position in Element Solutions Inc (NYSE:ESI)

Moody Aldrich Partners LLC reduced its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 282,321 shares of the company’s stock after selling 5,373 shares during the period. Element Solutions makes up approximately 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 11th biggest holding. Moody Aldrich Partners LLC owned 0.12% of Element Solutions worth $7,668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ESI. Signaturefd LLC raised its position in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after acquiring an additional 448 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Element Solutions by 7.5% during the 2nd quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after purchasing an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Element Solutions by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 50,883 shares of the company’s stock worth $1,380,000 after buying an additional 1,036 shares in the last quarter. Finally, Quarry LP purchased a new stake in Element Solutions during the second quarter worth $31,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock traded up $0.04 during midday trading on Thursday, reaching $26.95. The company had a trading volume of 1,064,514 shares, compared to its average volume of 1,358,811. Element Solutions Inc has a 12-month low of $17.57 and a 12-month high of $28.68. The firm’s fifty day simple moving average is $25.86 and its 200-day simple moving average is $25.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The company has a market capitalization of $6.53 billion, a P/E ratio of 33.22, a P/E/G ratio of 1.43 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. During the same period in the previous year, the company posted $0.31 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Element Solutions Inc will post 1.43 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is 39.51%.

Analyst Ratings Changes

ESI has been the subject of a number of recent analyst reports. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. The Goldman Sachs Group lifted their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Finally, StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.40.

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.