Peak Financial Advisors LLC Buys Shares of 20,868 Element Solutions Inc. $ESI

by · The Cerbat Gem

Peak Financial Advisors LLC acquired a new stake in Element Solutions Inc. (NYSE:ESI – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,868 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors have also recently added to or reduced their stakes in ESI. Elevation Point Wealth Partners LLC acquired a new position in shares of Element Solutions during the 2nd quarter valued at $26,000. First Horizon Advisors Inc. lifted 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 valued at $29,000 after purchasing an additional 1,129 shares during the last quarter. American National Bank & Trust bought a new stake in Element Solutions during the second quarter worth approximately $36,000. SVB Wealth LLC bought a new position in shares of Element Solutions in the first quarter valued at $37,000. Finally, Fifth Third Bancorp lifted its position in shares of Element Solutions by 462.5% during the 2nd 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 during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Price Performance

ESI opened at $25.39 on Thursday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.27 and a beta of 1.33. Element Solutions Inc. has a 1 year low of $16.77 and a 1 year 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. The stock has a fifty day moving average price of $26.00 and a 200 day moving average price of $24.91.

Element Solutions (NYSE:ESI – Get Free Report) last issued 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. The company had revenue of $656.10 million for the quarter, compared to analyst estimates of $645.13 million. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm 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 firm also recently disclosed 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 was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. Element Solutions’s dividend payout ratio is currently 32.32%.

Insider Activity

In other Element Solutions news, Director Ian G. H. Ashken sold 292,000 shares of the firm’s stock in a transaction dated 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 directly owned 306,880 shares in the company, valued at $8,285,760. This trade represents a 48.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Liebowitz sold 37,000 shares of the firm’s 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 directly 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 disclosure for this sale is available in the SEC filing. 6.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ESI shares. BMO Capital Markets cut Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday. UBS Group lifted 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. KeyCorp upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Bank of America boosted their target price 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. Finally, CJS Securities upgraded Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Read Our Latest Stock Report on Element Solutions

About Element Solutions

(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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