Moody National Bank Trust Division Has $1.08 Million Stock Position in Element Solutions Inc. $ESI

Moody National Bank Trust Division reduced its position in shares of Element Solutions Inc. (NYSE:ESI) by 39.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,623 shares of the company’s stock after selling 14,504 shares during the period. Moody National Bank Trust Division’s holdings in Element Solutions were worth $1,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. Invesco Ltd. raised its holdings in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after acquiring an additional 2,146,512 shares during the period. Scopus Asset Management L.P. boosted its holdings in Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after acquiring an additional 1,965,691 shares during the period. Jain Global LLC grew its position in shares of Element Solutions by 253.3% in the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after purchasing an additional 1,525,195 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Element Solutions by 4,492.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock valued at $38,611,000 after purchasing an additional 1,511,430 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Element Solutions by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after purchasing an additional 1,298,273 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ESI shares. Wolfe Research set a $47.00 price objective on Element Solutions in a research report on Wednesday, July 29th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Mizuho reiterated a “neutral” rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a report on Tuesday, July 14th. Truist Financial increased their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $43.50.

Element Solutions Stock Down 1.6%

NYSE ESI opened at $38.27 on Thursday. Element Solutions Inc. has a twelve month low of $22.86 and a twelve month high of $49.25. The stock has a market cap of $9.33 billion, a PE ratio of 51.72, a PEG ratio of 1.34 and a beta of 1.26. The firm has a 50-day simple moving average of $41.41 and a 200 day simple moving average of $37.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. On average, research analysts forecast that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions’s payout ratio is currently 43.24%.

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.