Moody Aldrich Partners LLC Sells 215,078 Shares of Element Solutions Inc. $ESI

Moody Aldrich Partners LLC cut its stake in Element Solutions Inc. (NYSE:ESI) by 97.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,345 shares of the company’s stock after selling 215,078 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Element Solutions were worth $230,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Element Solutions during the 2nd quarter worth approximately $1,317,663,000. Bank of New York Mellon Corp purchased a new position in shares of Element Solutions in the 2nd quarter valued at approximately $110,892,000. Assenagon Asset Management S.A. purchased a new position in shares of Element Solutions in the 3rd quarter valued at approximately $82,230,000. Bank of America Corp DE purchased a new position in shares of Element Solutions in the 2nd quarter valued at approximately $47,689,000. Finally, Troluce Capital Advisors LLC bought a new stake in shares of Element Solutions during the first quarter valued at approximately $27,667,000. 92.32% of the stock is owned by institutional investors.

Element Solutions Price Performance

ESI stock opened at $35.35 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.06 and a current ratio of 2.78. The firm has a 50 day moving average price of $35.23 and a 200-day moving average price of $36.74. Element Solutions Inc. has a 52-week low of $22.86 and a 52-week high of $49.25. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.20 and a beta of 1.26.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $964.23 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities research analysts forecast that Element Solutions Inc. will post 1.85 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Element Solutions’s payout ratio is 37.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ESI. UBS Group upped their price target on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $45.00 price objective on shares of Element Solutions in a report on Monday, September 21st. Weiss Ratings raised Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Bank of America initiated coverage on shares of Element Solutions in a report on Tuesday, September 1st. They set a “buy” rating and a $42.00 target price on the stock. Finally, Truist Financial boosted their target price on shares of Element Solutions from $48.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Three equities research 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. According to MarketBeat, Element Solutions has a consensus rating of “Buy” and a consensus price target of $46.36.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.