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

Bessemer Group Inc. cut its stake in shares of Element Solutions Inc. (NYSE:ESI - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,187,352 shares of the company's stock after selling 277,866 shares during the period. Bessemer Group Inc. owned 0.49% of Element Solutions worth $40,537,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Iridian Asset Management LLC CT raised its position in Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company's stock valued at $6,603,000 after purchasing an additional 71,686 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company's stock worth $63,077,000 after purchasing an additional 174,228 shares during the period. Peak Financial Advisors LLC increased its stake in Element Solutions by 282.4% in the 4th quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company's stock worth $1,994,000 after purchasing an additional 58,929 shares during the period. Hsbc Holdings PLC lifted its position in Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company's stock valued at $4,767,000 after purchasing an additional 59,154 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Element Solutions by 221.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 350,196 shares of the company's stock valued at $8,751,000 after buying an additional 241,266 shares during the last quarter. Institutional investors own 92.32% of the company's stock.

Element Solutions Price Performance

Shares of ESI opened at $37.47 on Friday. Element Solutions Inc. has a 1-year low of $22.63 and a 1-year high of $49.25. The firm has a fifty day simple moving average of $42.64 and a two-hundred day simple moving average of $36.45. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The firm has a market cap of $9.13 billion, a PE ratio of 60.43, a P/E/G ratio of 1.31 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for the quarter, compared to analysts' expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.Element Solutions's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. On average, equities analysts anticipate that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions's payout ratio is 51.61%.

Wall Street Analysts Forecast Growth

ESI has been the subject of several research analyst reports. Mizuho reiterated a "neutral" rating and issued a $45.00 price objective (down from $54.00) on shares of Element Solutions in a report on Tuesday. BMO Capital Markets lifted their price target on shares of Element Solutions from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Element Solutions in a research report on Tuesday, May 19th. Wall Street Zen raised Element Solutions from a "hold" rating to a "buy" rating in a research note on Monday, April 20th. Finally, Freedom Capital raised shares of Element Solutions to a "strong-buy" rating in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $43.00.

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.

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