Bessemer Group Inc. Raises Holdings in Element Solutions Inc. $ESI

Bessemer Group Inc. increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 18.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,234,941 shares of the company’s stock after purchasing an additional 193,487 shares during the period. Bessemer Group Inc. owned 0.51% of Element Solutions worth $31,083,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ESI. Scopus Asset Management L.P. raised its holdings in shares of Element Solutions by 134.6% in the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after acquiring an additional 1,965,691 shares during the last quarter. Ilex Capital Partners UK LLP increased its position in Element Solutions by 61.7% during the 2nd quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after purchasing an additional 1,777,265 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Element Solutions by 253.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock valued at $59,146,000 after purchasing an additional 1,684,994 shares during the last quarter. Merewether Investment Management LP purchased a new position in Element Solutions in the 2nd quarter valued at about $28,031,000. Finally, SG Capital Management LLC acquired a new stake in shares of Element Solutions during the 2nd quarter worth about $26,257,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Buying and Selling at Element Solutions

In other news, insider Matthew Liebowitz sold 37,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Bank of America lifted their target price on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Truist Financial increased their price target on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. UBS Group lifted their price objective on Element Solutions from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, CJS Securities upgraded Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Element Solutions Trading Down 6.4%

ESI stock opened at $27.99 on Friday. The company has a quick ratio of 3.28, a current ratio of 4.05 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.27 and a beta of 1.28. The business has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $26.10. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $30.85.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, December 1st. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Element Solutions 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.