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

Bessemer Group Inc. lowered its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 796,660 shares of the company's stock after selling 98,782 shares during the quarter. Bessemer Group Inc. owned 0.33% of Element Solutions worth $18,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ESI. TD Private Client Wealth LLC purchased a new position in Element Solutions during the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new position in shares of Element Solutions in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. boosted its stake in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Element Solutions in the fourth quarter valued at approximately $48,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $68,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Trading Down 0.6%

ESI stock traded down $0.14 during trading on Monday, reaching $22.65. The company had a trading volume of 2,440,858 shares, compared to its average volume of 1,985,956. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The business has a 50 day moving average of $21.48 and a 200 day moving average of $23.38. The company has a market cap of $5.49 billion, a P/E ratio of 19.03, a PEG ratio of 1.86 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same quarter last year, the business posted $0.34 EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets lowered their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Mizuho lifted their price target on Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Finally, Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.75.

Element Solutions Profile

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.