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

OneAscent Financial Services LLC decreased its holdings in Element Solutions Inc (NYSE:ESI) by 36.7% in the third quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its position in Element Solutions by 0.9% during the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after buying an additional 417 shares during the period. Signaturefd LLC boosted its holdings in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after acquiring an additional 448 shares during the period. Equitable Trust Co. increased its stake in Element Solutions by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after purchasing an additional 733 shares during the period. QRG Capital Management Inc. lifted its position in Element Solutions by 7.5% in the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after purchasing an additional 798 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Element Solutions by 39.4% in the second 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 during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI stock opened at $27.72 on Wednesday. The firm has a 50-day moving average of $26.59 and a 200 day moving average of $25.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company has a market cap of $6.71 billion, a P/E ratio of 24.97, a PEG ratio of 1.55 and a beta of 1.29. Element Solutions Inc has a 1 year low of $20.31 and a 1 year high of $29.16.

Element Solutions (NYSE:ESI) last released its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued 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 of this dividend is Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Analysts Set New Price Targets

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

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.