OneAscent Financial Services LLC Sells 6,635 Shares of Element Solutions Inc (NYSE:ESI)

OneAscent Financial Services LLC lessened its stake in shares of Element Solutions Inc (NYSE:ESI) by 36.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,460 shares of the company’s stock after selling 6,635 shares during the period. OneAscent Financial Services LLC’s holdings in Element Solutions were worth $311,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ESI. Quarry LP purchased a new stake in shares of Element Solutions in the second quarter worth $31,000. LRI Investments LLC purchased a new stake in Element Solutions during the 1st quarter valued at about $78,000. EverSource Wealth Advisors LLC increased its stake in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares in the last quarter. Quest Partners LLC raised its holdings in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after buying an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Element Solutions Trading Down 1.1 %

Shares of NYSE:ESI opened at $27.72 on Wednesday. The stock’s 50-day simple moving average is $26.59 and its two-hundred day simple moving average is $25.99. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.55 and a beta of 1.29. Element Solutions Inc has a 52-week low of $20.31 and a 52-week high of $29.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

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

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

Element Solutions Company Profile

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.