Bessemer Group Inc. Raises Stock Holdings in Element Solutions Inc (NYSE:ESI)

Bessemer Group Inc. lifted its holdings in shares of Element Solutions Inc (NYSE:ESI) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 702,469 shares of the company’s stock after acquiring an additional 28,885 shares during the quarter. Bessemer Group Inc.’s holdings in Element Solutions were worth $17,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Richardson Financial Services Inc. purchased a new stake in Element Solutions in the fourth quarter worth $27,000. SRS Capital Advisors Inc. grew its stake in Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares during the period. CWM LLC grew its stake in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after acquiring an additional 886 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after acquiring an additional 1,902 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

ESI stock traded down $0.02 during trading on Thursday, reaching $26.70. The stock had a trading volume of 121,321 shares, compared to its average volume of 1,384,425. Element Solutions Inc has a 52 week low of $17.57 and a 52 week high of $28.68. The stock’s 50 day moving average is $25.94 and its two-hundred day moving average is $24.44. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.46 billion, a PE ratio of 49.47, a PEG ratio of 1.35 and a beta of 1.31.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The company had revenue of $575.00 million for the quarter, compared to the consensus estimate of $588.17 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. Element Solutions’s revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Element Solutions Inc will post 1.43 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 31st. Element Solutions’s dividend payout ratio (DPR) is currently 59.26%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ESI shares. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Mizuho increased their price objective on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. The Goldman Sachs Group increased their price objective on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. UBS Group increased their price objective on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.40.

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.