Modern Wealth Management LLC Has $2.55 Million Stock Holdings in Element Solutions Inc. $ESI

Modern Wealth Management LLC decreased its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 33.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,366 shares of the company’s stock after selling 49,999 shares during the period. Modern Wealth Management LLC’s holdings in Element Solutions were worth $2,551,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in 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 buying an additional 678 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Element Solutions during the 2nd quarter worth approximately $26,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 710.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after acquiring an additional 1,129 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Element Solutions in the 3rd quarter valued at $41,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Element Solutions by 6,693.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock valued at $50,000 after acquiring an additional 1,941 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Activity at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of Element Solutions stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the transaction, the insider owned 117,393 shares of the company’s stock, valued at $3,122,653.80. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Stanley Oneal sold 143,564 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.52, for a total value of $5,099,393.28. Following the sale, the director owned 147,832 shares of the company’s stock, valued at $5,250,992.64. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. 6.90% of the stock is owned by insiders.

Element Solutions Trading Down 7.1%

NYSE:ESI opened at $30.77 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. Element Solutions Inc. has a one year low of $16.77 and a one year high of $37.74. The company has a market cap of $7.49 billion, a PE ratio of 38.95, a PEG ratio of 1.40 and a beta of 1.24. The firm has a 50-day moving average of $30.43 and a 200-day moving average of $27.52.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $676.20 million for the quarter, compared to analysts’ expectations of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts expect that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 40.51%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. KeyCorp increased their target price on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Mizuho increased their price objective on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Finally, BMO Capital Markets boosted their target price on Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Element Solutions has a consensus rating of “Buy” and a consensus target price of $35.75.

About Element Solutions

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.