Element Solutions Inc. $ESI Shares Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC grew its holdings in Element Solutions Inc. (NYSE:ESI) by 282.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,797 shares of the company’s stock after purchasing an additional 58,929 shares during the quarter. Peak Financial Advisors LLC’s holdings in Element Solutions were worth $1,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ESI. Farther Finance Advisors LLC increased its holdings in shares of Element Solutions by 154.8% in the third 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 during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Element Solutions during the second quarter worth $26,000. Community Bank N.A. purchased a new stake in Element Solutions in the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Element Solutions in the 3rd quarter worth $41,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Element Solutions during the 3rd quarter worth $47,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director E Stanley Oneal sold 143,564 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the transaction, the director directly owned 147,832 shares in the company, valued at approximately $5,250,992.64. This represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.90% of the company’s stock.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $35.27 on Thursday. The firm has a market cap of $8.59 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.68 and a debt-to-equity ratio of 0.60. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $37.74. The business’s fifty day simple moving average is $31.83 and its 200-day simple moving average is $28.11.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The firm had revenue of $676.20 million during the quarter, compared to the consensus estimate of $632.40 million. During the same period last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 2nd. Element Solutions’s payout ratio is 40.51%.

Analyst Upgrades and Downgrades

ESI has been the topic of several recent research reports. KeyCorp boosted their price target on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. UBS Group boosted their target price on shares of Element Solutions from $34.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets increased their price target on shares of Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Element Solutions currently has an average rating of “Buy” and a consensus price target of $35.75.

Element Solutions Company Profile

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.