Atria Investments Inc Lowers Stock Holdings in Element Solutions Inc (NYSE:ESI)

Atria Investments Inc reduced its position in Element Solutions Inc (NYSE:ESI) by 18.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 43,234 shares of the company’s stock after selling 9,653 shares during the period. Atria Investments Inc’s holdings in Element Solutions were worth $1,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ESI. Quarry LP purchased a new stake in Element Solutions in the 2nd quarter worth approximately $31,000. LRI Investments LLC purchased a new stake in Element Solutions in the 1st quarter worth approximately $78,000. EverSource Wealth Advisors LLC grew its stake in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC grew its stake in Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after buying an additional 448 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

NYSE:ESI opened at $28.07 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.58 and a beta of 1.29. The firm’s fifty day simple moving average is $26.53 and its 200 day simple moving average is $25.94. Element Solutions Inc has a twelve month low of $20.17 and a twelve month high of $29.16.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. Element Solutions’s dividend payout ratio is currently 28.83%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

About Element Solutions

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.