AIA Group Ltd Sells 6,026 Shares of Element Solutions Inc (NYSE:ESI)

AIA Group Ltd lowered its stake in Element Solutions Inc (NYSE:ESI) by 36.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,634 shares of the company’s stock after selling 6,026 shares during the period. AIA Group Ltd’s holdings in Element Solutions were worth $289,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Element Solutions during the 2nd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares during the last quarter. Quest Partners LLC raised its stake in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after acquiring an additional 3,212 shares during the period. LRI Investments LLC bought a new stake in shares of Element Solutions in the 1st quarter worth about $78,000. Finally, Signaturefd LLC boosted its stake in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. 92.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ESI. Barclays increased their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. BMO Capital Markets increased their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Price Performance

Shares of ESI opened at $28.57 on Friday. The company has a 50 day moving average of $26.27 and a two-hundred day moving average of $25.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions Inc has a twelve month low of $18.85 and a twelve month high of $29.16. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is currently 28.83%.

Element Solutions 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.