Avior Wealth Management LLC Sells 688 Shares of Element Solutions Inc (NYSE:ESI)

Avior Wealth Management LLC lessened its position in shares of Element Solutions Inc (NYSE:ESI) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833 shares of the company’s stock after selling 688 shares during the quarter. Avior Wealth Management LLC’s holdings in Element Solutions were worth $77,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Element Solutions during the 2nd quarter worth approximately $31,000. LRI Investments LLC purchased a new stake in Element Solutions during the 1st quarter worth approximately $78,000. EverSource Wealth Advisors LLC grew its position in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC grew its position in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC grew its position in 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 last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE ESI opened at $29.04 on Monday. The firm has a 50-day simple moving average of $26.83 and a 200-day simple moving average of $26.10. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. 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 52 week low of $20.31 and a 52 week high of $29.16.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $626.52 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Element Solutions’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Element Solutions Inc will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

Wall Street Analyst Weigh In

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

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.