Sequoia Financial Advisors LLC Has $773,000 Position in Element Solutions Inc. $ESI

Sequoia Financial Advisors LLC reduced its position in shares of Element Solutions Inc. (NYSE:ESI) by 78.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,938 shares of the company’s stock after selling 112,861 shares during the period. Sequoia Financial Advisors LLC’s holdings in Element Solutions were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Community Bank N.A. bought a new stake in shares of Element Solutions during the third quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Element Solutions during the 3rd quarter valued at about $41,000. Johnson Financial Group Inc. acquired a new stake in shares of Element Solutions during the 3rd quarter worth approximately $47,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Element Solutions in the 3rd quarter valued at $49,000. Finally, Quarry LP increased its stake in Element Solutions by 27.3% in the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after purchasing an additional 431 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of research reports. BMO Capital Markets upped their target price on Element Solutions from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Truist Financial boosted their target price on Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. KeyCorp raised their target price on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $39.57.

Insider Activity at Element Solutions

In related news, Director E Stanley Oneal sold 143,564 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the transaction, the director directly owned 147,832 shares of the company’s stock, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Element Solutions Stock Performance

Element Solutions stock opened at $43.54 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. Element Solutions Inc. has a 1-year low of $20.80 and a 1-year high of $45.51. The firm has a market capitalization of $10.61 billion, a PE ratio of 70.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The firm’s 50 day simple moving average is $36.66 and its 200 day simple moving average is $31.19.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. As a group, analysts expect that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.