Amalgamated Bank Sells 11,701 Shares of Element Solutions Inc (NYSE:ESI)

Amalgamated Bank lessened its holdings in shares of Element Solutions Inc (NYSE:ESI) by 49.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,850 shares of the company’s stock after selling 11,701 shares during the period. Amalgamated Bank’s holdings in Element Solutions were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP acquired a new stake in shares of Element Solutions in the 2nd quarter valued at about $31,000. LRI Investments LLC bought a new position in shares of Element Solutions during the first quarter worth about $78,000. EverSource Wealth Advisors LLC raised its position in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC lifted its stake in Element Solutions by 14,600.0% in the 2nd 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 in the last quarter. Finally, Signaturefd LLC boosted 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 acquiring an additional 448 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ESI has been the subject of several research reports. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. BMO Capital Markets raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their price target 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 shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Stock Performance

Shares of ESI opened at $28.07 on Monday. The company has a market cap of $6.80 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. The firm has a 50-day moving average of $26.53 and a 200-day moving average of $25.94. Element Solutions Inc has a one year low of $20.17 and a one year high of $29.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77.

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

Element Solutions Dividend Announcement

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

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.