Key Points
- Insider sale: Director Matthew Liebowitz sold 37,000 shares of Element Solutions on Dec. 12 at an average price of $26.60 for about $984,200, cutting his stake by ~23.96% to 117,393 shares (he also sold 50,000 shares on Sept. 17).
- Company results and outlook: Element Solutions beat quarterly estimates (EPS $0.41 vs. $0.39; revenue $656.1M vs. $645.1M), announced a $0.08 quarterly dividend (1.2% yield), and carries a consensus analyst rating of "Moderate Buy" with an average target of $30.75.
Element Solutions Inc. (NYSE:ESI - Get Free Report) insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction on Friday, December 12th. The stock was 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 of the company's stock, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Matthew Liebowitz also recently made the following trade(s):
- On Wednesday, September 17th, Matthew Liebowitz sold 50,000 shares of Element Solutions stock. The shares were sold at an average price of $26.55, for a total transaction of $1,327,500.00.
Element Solutions Stock Down 4.8%
Shares of Element Solutions stock opened at $26.32 on Friday. Element Solutions Inc. has a one year low of $16.77 and a one year high of $27.97. The company has a market cap of $6.37 billion, a P/E ratio of 26.58, a PEG ratio of 1.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05. The firm has a fifty day moving average of $26.06 and a two-hundred day moving average of $24.81.
Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The business had revenue of $656.10 million for the quarter, compared to analyst estimates of $645.13 million. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The business's revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. On average, analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year.
Element Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 1.2%. Element Solutions's payout ratio is presently 32.32%.
Analysts Set New Price Targets
Several research firms have recently commented on ESI. Truist Financial raised their price target on Element Solutions from $28.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, October 30th. UBS Group boosted their target price on shares of Element Solutions from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. Mizuho lowered their price target on shares of Element Solutions from $31.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Element Solutions in a report on Wednesday, October 8th. Finally, KeyCorp boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Element Solutions has a consensus rating of "Moderate Buy" and an average price target of $30.75.
Read Our Latest Analysis on ESI
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ESI. Farther Finance Advisors LLC lifted its holdings in Element Solutions by 154.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company's stock valued at $28,000 after purchasing an additional 678 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Element Solutions during the second quarter worth approximately $26,000. First Horizon Advisors Inc. grew its stake in Element Solutions by 710.1% in the 2nd 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 period. Community Bank N.A. acquired a new position in Element Solutions in the 3rd quarter valued at $33,000. Finally, American National Bank & Trust purchased a new stake in shares of Element Solutions in the second quarter valued at $36,000. Institutional investors and hedge funds own 92.32% of the company's stock.
About Element Solutions
(
Get Free Report)
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.
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