Element Solutions Investor Activity: Buying vs. Selling
Snack-Sized Version:
Allspring Global Investments significantly increased its stake in Element Solutions. The firm grew its position by 163.4% during the third quarter. As a result, it now holds over 404,000 shares valued at nearly $10.4 million. However, this institutional buying contrasts with recent insider activity. For example, Director Ian G. H. Ashken sold 292,000 shares for about $7.88 million. Another insider also sold a smaller block of shares. Meanwhile, the company recently beat Q3 earnings estimates. It also maintains a quarterly dividend of $0.08 per share, providing a yield of around 1.2%.
| At a Glance | |
|---|---|
| Headline | Allspring Global Investments boosts its stake in Element Solutions by 163.4%. |
| Key fact | Company insiders sold significant shares, including a director’s $7.88M sale. |
| Why it matters | The mixed signals of institutional buying and insider selling create uncertainty. |
| Watch next | Monitor future SEC filings for changes in institutional and insider ownership. |
Source: Company news; SEC filings.
Read the Full Meal:
A new SEC filing shows a major institutional investor bought more Element Solutions stock. Specifically, Allspring Global Investments grew its position by 163.4% in the third quarter. The firm added over 250,000 shares to its holdings. However, this move comes as company insiders are selling shares. Director Ian G. H. Ashken sold 292,000 shares in a transaction valued at $7.88 million. In addition, another insider sold 37,000 shares. These conflicting signals occur after the company beat third-quarter earnings estimates. Overall, institutional investors now own 92.32% of the company’s stock, whereas insiders own 6.90%.
Institutional Buying Contrasts With Insider Selling
- Institutional Stake: Allspring Global Investments increased its Q3 stake by 163.4% to 404,597 shares.
- Insider Sales: Director Ian G. H. Ashken sold 292,000 shares for approximately $7.88 million.
- Q3 Earnings: The company recently beat Q3 estimates with $0.41 EPS and $656.1 million in revenue.
- Analyst View: Analysts have a consensus ‘Moderate Buy’ rating with an average price target of $30.75.
Why this can matter for NYSE:ESI holders
- Conflicting Signals: Heavy institutional buying suggests confidence, but significant insider selling raises questions.
- Ownership Base: Institutional investors and hedge funds now own over 92% of the company’s stock.
- Fundamental Performance: The company’s recent earnings beat provides a solid fundamental backdrop for investors.
For more details, see ESI SEC filings.
What to watch next
- SEC Filings: Watch for new 13F and Form 4 filings to track institutional and insider moves.
- Next Earnings Report: Monitor the company’s next quarterly earnings release for continued performance trends.
Mini FAQ
What was Allspring’s recent investment in Element Solutions?
Allspring Global Investments grew its position by 163.4% in the third quarter. Consequently, it now owns 404,597 shares worth about $10.37 million.
Did any insiders sell Element Solutions stock?
Yes, two insiders recently sold shares. For instance, Director Ian G. H. Ashken sold 292,000 shares for a total value of $7.88 million.
How did Element Solutions perform in its last earnings report?
Element Solutions beat analyst estimates in its third-quarter report. In short, the company posted earnings of $0.41 per share and revenue of $656.1 million.