Element Solutions Inc (NYSE:ESI) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in Element Solutions Inc (NYSE:ESI) by 18.3% during the third quarter, HoldingsChannel.com reports. The firm owned 43,234 shares of the company’s stock after selling 9,653 shares during the period. Atria Investments Inc’s holdings in Element Solutions were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Equitable Trust Co. raised its stake in shares of Element Solutions by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock valued at $911,000 after purchasing an additional 733 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Element Solutions in the 3rd quarter valued at about $390,000. Forte Capital LLC ADV raised its stake in shares of Element Solutions by 38.0% in the 3rd quarter. Forte Capital LLC ADV now owns 11,970 shares of the company’s stock valued at $325,000 after purchasing an additional 3,295 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Element Solutions by 8.7% in the 3rd quarter. QRG Capital Management Inc. now owns 12,377 shares of the company’s stock valued at $336,000 after purchasing an additional 988 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Element Solutions by 107.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 105,745 shares of the company’s stock valued at $2,872,000 after purchasing an additional 54,686 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

NYSE ESI opened at $28.07 on Friday. Element Solutions Inc has a 52 week low of $20.17 and a 52 week high of $29.16. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company has a 50-day moving average price of $26.53 and a two-hundred day moving average price of $25.94.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Element Solutions’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts forecast that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

Wall Street Analysts Forecast Growth

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

About Element Solutions

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.