Atria Wealth Solutions Inc. Invests $246,000 in Element Solutions Inc. $ESI

Atria Wealth Solutions Inc. purchased a new position in shares of Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,843 shares of the company’s stock, valued at approximately $246,000.

Other large investors also recently modified their holdings of the company. American National Bank & Trust purchased a new stake in shares of Element Solutions during the 2nd quarter worth approximately $36,000. SVB Wealth LLC purchased a new position in Element Solutions in the 1st quarter valued at approximately $37,000. Fifth Third Bancorp grew its stake in Element Solutions by 462.5% in the 2nd quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after buying an additional 1,776 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in Element Solutions by 940.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock valued at $52,000 after buying an additional 2,060 shares in the last quarter. Finally, LRI Investments LLC grew its stake in Element Solutions by 71.4% in the 2nd quarter. LRI Investments LLC now owns 2,887 shares of the company’s stock valued at $65,000 after buying an additional 1,203 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Insider Transactions at Element Solutions

In other news, EVP Carey J. Dorman sold 40,725 shares of Element Solutions stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $26.66, for a total transaction of $1,085,728.50. Following the completion of the sale, the executive vice president directly owned 214,837 shares of the company’s stock, valued at approximately $5,727,554.42. The trade was a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Edward Capps sold 77,674 shares of Element Solutions stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $26.77, for a total transaction of $2,079,332.98. Following the sale, the executive vice president directly owned 609,790 shares of the company’s stock, valued at $16,324,078.30. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,399 shares of company stock valued at $4,492,561. Insiders own 6.90% of the company’s stock.

Element Solutions Stock Down 2.6%

Shares of NYSE:ESI opened at $25.41 on Thursday. The firm has a fifty day moving average price of $25.75 and a two-hundred day moving average price of $23.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.10 and a quick ratio of 3.30. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.73 and a beta of 1.31.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The firm had revenue of $625.20 million during the quarter, compared to the consensus estimate of $587.45 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 32.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ESI. The Goldman Sachs Group reiterated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. Mizuho lifted their price objective on shares of Element Solutions from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Bank of America lifted their price objective on shares of Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Fermium Researc upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, KeyCorp lifted their price objective on shares of Element Solutions from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average target price of $28.75.

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.